Construct · 1 fields · 1 citations

stock adjustment model of housing: a standalone construct

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Real estate economics

a model in which households gradually close the gap between their current and desired housing consumption, with adjustment slowed by moving costs.

In real estate economics, stock adjustment model of housing refers to a model in which households gradually close the gap between their current and desired housing consumption, with adjustment slowed by moving costs. This meaning comes from Hanushek (1979) in Journal of Urban Economics.[1]

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Nearby constructs

consumption3 fields · 5 citationsjingle · one word, three constructs current3 fields · 6 citationsjingle · one word, three constructs estate2 fields · 2 citationsjingle · one word, two carriers

References

Hanushek, E. A., & Quigley, J. M. (1979). The dynamics of the housing market: A stock adjustment model of housing consumption. Journal of Urban Economics, 6(1), 90-111. https://doi.org/10.1016/0094-1190(79)90018-4

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