We develop a dynamic stochastic equilibrium model of two locations within a city where heterogeneous households make … joint location and tenure mode decisions. To investigate the effect of homeownership on equilibrium prices and allocations … three results. First, homeownership enables more households to remain in the more desirable location at the expense of …

a housing solution that enables households to relocate with ease while at the same time providing security, habitability …

time achieving mobility across regions. There have accordingly been a number of studies on home price convergence. Some of … regions of the US using Pesaran's pairwise approach. This method obviates some of the methodological issues which have plagued …. We find, first, that overall the US housing market is not convergent across regions. We find some evidence that the high …

funding requirements, the appropriate mix of housing stock given household structures and rules for allocating families to … households. Any measure based only on readily observable metrics of household composition and the number of bedrooms is unlikely … to accurately discriminate between households that are overcrowded—in that occupants are suffering significant adverse …