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- Publisher Website: 10.1177/0739456X18807751
- Scopus: eid_2-s2.0-85059486325
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Article: Millennial First-Time Homebuyers and Location Choice
Title | Millennial First-Time Homebuyers and Location Choice |
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Authors | |
Keywords | location choice Millennial first-time homebuyer |
Issue Date | 2018 |
Citation | Journal of Planning Education and Research, 2018 How to Cite? |
Abstract | © The Author(s) 2018. We research whether Millennial first-time homebuyers are more likely to purchase homes near city centers than Generation X. We use a random sample of individual credit records data to examine first-time mortgaged homebuyers from 2000 to 2016 in the fifty largest US cities. In a logistic regression controlling for age and generation, we estimate separate age and period effects. We also control for car ownership, income, credit score, mortgage size, mortgage payment, and student debt levels. We find that the odds Millennials buy near city centers 21 percent higher than Generation X. This suggests that as Millennials purchase homes, they do not move to the suburbs at the same rate as Generation X. |
Persistent Identifier | http://hdl.handle.net/10722/286982 |
ISSN | 2023 Impact Factor: 2.8 2023 SCImago Journal Rankings: 0.797 |
ISI Accession Number ID |
DC Field | Value | Language |
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dc.contributor.author | Raymond, Elora Lee | - |
dc.contributor.author | Dill, Jessica | - |
dc.contributor.author | Lee, Yongsung | - |
dc.date.accessioned | 2020-09-07T11:46:11Z | - |
dc.date.available | 2020-09-07T11:46:11Z | - |
dc.date.issued | 2018 | - |
dc.identifier.citation | Journal of Planning Education and Research, 2018 | - |
dc.identifier.issn | 0739-456X | - |
dc.identifier.uri | http://hdl.handle.net/10722/286982 | - |
dc.description.abstract | © The Author(s) 2018. We research whether Millennial first-time homebuyers are more likely to purchase homes near city centers than Generation X. We use a random sample of individual credit records data to examine first-time mortgaged homebuyers from 2000 to 2016 in the fifty largest US cities. In a logistic regression controlling for age and generation, we estimate separate age and period effects. We also control for car ownership, income, credit score, mortgage size, mortgage payment, and student debt levels. We find that the odds Millennials buy near city centers 21 percent higher than Generation X. This suggests that as Millennials purchase homes, they do not move to the suburbs at the same rate as Generation X. | - |
dc.language | eng | - |
dc.relation.ispartof | Journal of Planning Education and Research | - |
dc.subject | location choice | - |
dc.subject | Millennial | - |
dc.subject | first-time homebuyer | - |
dc.title | Millennial First-Time Homebuyers and Location Choice | - |
dc.type | Article | - |
dc.description.nature | link_to_subscribed_fulltext | - |
dc.identifier.doi | 10.1177/0739456X18807751 | - |
dc.identifier.scopus | eid_2-s2.0-85059486325 | - |
dc.identifier.spage | null | - |
dc.identifier.epage | null | - |
dc.identifier.isi | WOS:000797019100005 | - |
dc.identifier.issnl | 0739-456X | - |