FALLING OUT OF THE HOME OWNER MARKET

By and large the tenure change literature has focused on the shift fro m renting to owning. The converse process, the move from ownership to renting, has received less attention. In this paper we provide a conte xt for examining who 'drops out' of the home owner market. The results show that families with children are less likely to be able to remain in the home owner market than couples and, conversely, that two incom e earners are more likely to be able to stay in the market or buy anot her dwelling after a spell in renting than a one income earner. Althou gh those results are somewhat expected, we provide additional new info rmation on the nature of temporary moves out of the home owner market and returns at a later time, and on the seemingly greater role of acci dental effects on exit from the home owner market than entrance into t hat market.