Geographic mobility is highly seasonal. Moves are twice as likely to occur during the summer months as during the winter months. Summer marriages and school calendars contribute to the seasonality in mobility. But most people who move are neither newlyweds nor parents of school-age children....

Theory and most empirical evidence point to a negative relationship between vacancy rates for rental housing and changes in real rent. This paper highlights and explains the absence of the expected relationship in the national data on vacancies and rents, especially during the 1980s, when rents...