Sustainability of Homeownership : Factors Affecting the Duration of Homeownership and Rental Spells

The nation's homeownership rate is affected by both the length of time that households remain as homeowners rather than reverting to being a renter & the length of time households rent or live with their parents following the termination of a period of homeowning. Thus, differences in ownership rates between whites, African Americans, & Hispanics could be due, in part, to differences in their durations of owning, renting, & living with parents. This analysis reveals that it is not true that once an owner, always an owner.Ó The rate of exiting from homeownership differs substantially by race & ethnicity of the owner. This study follows a cohort of individuals for 21 years. Policies must promote new ownership spells that are sustainable. Tables.Haurin, Donald R. is the author of 'Sustainability of Homeownership : Factors Affecting the Duration of Homeownership and Rental Spells', published 2005 under ISBN 9781422301074 and ISBN 1422301079.