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Title:

Modeling Choice of Residential Location and Home Type: Recent Movers in Austin, Texas

Accession Number:

01091565

Record Type:

Component

Availability:

Transportation Research Board Business Office

500 Fifth Street, NW
Washington, DC 20001 United States

Abstract:

This paper uses a series of nested logit models to investigate recent mover preferences for location choice and home type. A comparison of alternative model specifications illuminate the nature of purchase, recognizing location attributes as well as home size and cost. Sample data come from a survey of home buyers in Austin, Texas and parameter estimates support the notion that home type is an upper-nest decision, relative to location, with homes of similar type exhibiting more correlation in unobserved components than those within a single location. With a particular home type in mind, location choice may become constrained by home availability across locations of the urban area. Thus, a focus simply on residential location choice can lead to a misunderstanding of the home search and residential development process.

Monograph Accession #:

01084478

Report/Paper Numbers:

08-2461

Language:

English

Corporate Authors:

Transportation Research Board

500 Fifth Street, NW
Washington, DC 20001 United States

Authors:

Habib, Khandker M. Nurul
Kockelman, Kara M

Pagination:

17p

Publication Date:

2008

Conference:

Transportation Research Board 87th Annual Meeting

Location: Washington DC, United States
Date: 2008-1-13 to 2008-1-17
Sponsors: Transportation Research Board

Media Type:

DVD

Features:

Figures (3) ; References (40) ; Tables (1)

Geographic Terms:

Austin (Texas)

Subject Areas:

Economics; Highways; Planning and Forecasting; Society; Terminals and Facilities; I10: Economics and Administration

Source Data:

Transportation Research Board Annual Meeting 2008 Paper #08-2461

Files:

TRIS, TRB

Created Date:

Jan 29 2008 4:52PM