Housing demand and community choice
Subtitle: an empirical analysis
By: Carol Rapaport.
Contributors: Federal Reserve Bank of New York.
Series: Staff reports ;; no. 16; Staff reports (Federal Reserve Bank of New York : Online) ;; no. 16.
Publisher: Federal Reserve Bank of New York
Published: 1996
Place of publication: [New York, N.Y.]
Language: eng
Format: Electronic resource
Subjects: Housing -- Econometric models.; Housing -- Florida -- Tampa -- Econometric models.
Description: "Housing demand reflects the household's simultaneous choice of neighborhood, whether to own or rent the dwelling, and the quantity of housing services demanded.  Existing literature emphasizes the final two factors, but overlooks the choice of community.  This paper develops an econometric model that incorporates all three components, and then estimates this model using a sample of households in Tampa, Florida.  Incorporating community choice increases the price elasticity of demand and reduces the differential between white and comparable nonwhite households.  The results are robust to the inclusion of permanent income and taxes"--Federal Reserve Bank of New York web site.
Notes: Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 1/31/2005.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.