Date of Award
5-2023
Access Control
Open Access
Degree Name
Applied Economics, M.A.
Department
Economics and Finance Department
Advisor
Dr. Joelle Leclaire
First Reader
Dr. Joelle Leclaire
Second Reader
Dr. Frederick Floss
Third Reader
Bruce Fisher, J.D.
Abstract
Several studies conducted have considered the determinants to homeownership in America. In our study, we are looking at the impact of mortgage rates, median household income, and vacancy rates. Here, we identify how homeownership is determined, how mortgage rates affect homeownership, how median income affects homeownership, and how vacancies affect homeownership. Our study begins with a literature review. We then use regression analysis to look at the relationship between total homes owned, the mortgage rate, median household income, and vacancy. Our study confirms our expectations. We find that there is a negative relationship between total homes owned and the mortgage rate but a positive relationship between vacancies and total homes owned.
Recommended Citation
Mackey, Aisha S., "The Determinants of Homeownership: Mortgage Rates, Median Household Income and Vacancy Rates" (2023). Applied Economics Theses. 50.
https://digitalcommons.buffalostate.edu/economics_theses/50
