Chapter
Nov 12, 2013
Factors Influencing Households' Transition to Home Ownership: A Review of Literature
Publication: ICCREM 2013: Construction and Operation in the Context of Sustainability
Abstract
Tenure choice is the vital households' decisions of great importance not only for the households but also for the country in which they resides. There is extensive literature on tenure choice and access to home-ownership coming from scholars of different areas. According to their study, we summarize the factors influencing the households' transition to home-ownership. The householder's age, gender, marital status, educational background, wealth, income, parental socio-economic characteristics, as well as the household's life cycle stage and life course events all can influence the process at the micro-level. The economic environment and local housing market circumstance such as inflation rate, housing price, average rental cost, new construction, etc. as well as relevant policies and systems like loan policies and tax system can influence the transition at macro-level.
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© 2013 American Society of Civil Engineers.
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Published online: Nov 12, 2013
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Ph.D. Candidate, Department of Construction and Real Estate, Harbin Institute of Technology, Harbin, China, 150001. E-mail: [email protected]
Professor, Department of Construction and Real Estate, Harbin Institute of Technology, Harbin, China, 150001. E-mail: [email protected]
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Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.