Abstract
This paper examines the relation of family transitions and housing market context to home purchase by young married households. The effects of family socioeconomic and housing market characteristics are examined. Earnings of the husband and the wife number of children county-level median home value and county-level home ownership rate each predict the timing of home purchases. There is no evidence that the effects of family variables differ by housing market characteristics. This suggests that during the 1970s families did not adapt to higher housing prices by different fertility or work behavior. The data are from the U.S. Panel Study of Income Dynamics. (EXCERPT)
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