Owned Now Rented Later? Housing Stock Transitions and Market Dynamics
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Title: Owned Now Rented Later? Housing Stock Transitions and Market Dynamics
This paper documents and analyzes an overlooked but important feature of housing market dynamics: existing homes shift between owner-occupied and rental status over time in response to changes in the home's attributes and local market conditions. This study examines these shifts using 11 years of data from the 2000-2014 Census and American Community Surveys and the 1985-2013 American Housing Survey panel. Drawing on these two sources of information, several important patterns are brought to light.