Description
This paper examines the factors that are associated with owner-occupied housing rates in Southern California cities during 2021. The data is from the United States Census Bureau and the United States Department of Energy. In addition to factors included in previous studies, such as demographic and characteristics about the real estate market as well as the local economy, this study examines the burden of energy costs on owner-occupied housing rates. It is expected that the relationship between energy burden (percent of income spent on energy costs) and the owner-occupied housing rate is negative. The model will factor in demographic, real estate market, general well-being, and economic variables to best explain the variance among entities.
Energy Burden and Owning a Home: Understanding the Effect of Energy Costs on the Owner-Occupied Housing Rate
This paper examines the factors that are associated with owner-occupied housing rates in Southern California cities during 2021. The data is from the United States Census Bureau and the United States Department of Energy. In addition to factors included in previous studies, such as demographic and characteristics about the real estate market as well as the local economy, this study examines the burden of energy costs on owner-occupied housing rates. It is expected that the relationship between energy burden (percent of income spent on energy costs) and the owner-occupied housing rate is negative. The model will factor in demographic, real estate market, general well-being, and economic variables to best explain the variance among entities.