Spatial Lock-in: Do Falling House Prices Constrain Residential Mobility?

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Housing Market Dynamics: On the Contribution of Income Shocks and Credit Constraints (2001, unknown): “A number of papers consider the effects of housing capital gains or losses on household moving behaviour; see, for example, Genesove and Mayer (1997), Henley (1998), Chan (2001), Engelhardt (2003) and Seslen (2004).”
A Model of Mortgage Default (2015, background): “Chan (2001) estimates that an increase in LTV to over 95% would result in a moving probability that is 20% of the original.”
Housing tenure and labor market impacts: The search goes on (2008, background): “A prominent manifestation of this, as Chan (2001) notes, is that falling house prices can cause a spatial lock-in effect.”
Crime and Residential Choice: A Neighborhood Level Analysis of the Impact of Crime on Housing Prices (2006, background): “Falling house prices help perpetuate this the cycle of increased poverty and crime, as mobility is often impaired when house prices fall (Chan 2001).”