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Abstract
A dynamic model of housing adjustment is used to analyze data from rural and small-town households in the north-central region of the U.S. The method interfaces a deterministic model with data collected from renter households who are evolving to firsttime home ownership. The model shows that most new home owners remove space and dwelling deficits in their transitions from renter to owner. These results also indicate that the concepts of housing adjustment theory are viable in dynamic analysis. There is a minority of renters who do not become owners. Presumably the need has not arisen or constraints have prevented transition to home ownership.
Additional information
Notes on contributors
Jaesoon Cho
Jaesoon Cho completed a Doctorate in the Department of Family Environment at Iowa State University.
Earl W. Morris
Earl W Morris is a Professor of Housing at the University of Minnesota.
Mary Winter
Mary Winter is a Professor in Family Environment at Iowa State University.
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