Impact of the Real Median Price of Single- Family Homes on Geographic Mobility, 2000–2005

Author:
Richard J. Cebula

Start Page: 143
End Page: 150
Volume: 16
Issue Number: 2
Year: 2007
Publication: Journal of Housing Research

Abstract:
The present study investigates the impact of the real median price of single-family homes on net internal migration flows in the United States over the 2000–2005 period. After allowing for factors such as the growth rate of GSP, the presence of hazardous waste sites, climate, per capita state income taxes, and other factors, it is found that the net state inflow of migrants over the 2000–2005 period was negatively and significantly affected by higher real median prices on single-family homes, a finding consistent with the absence of ‘‘money illusion’’ in the migration decision.