Race and Wealth: A Demographic Analysis of Black Homeownership*

Horton, Hayward Derrick

doi:10.1111/j.1475-682x.1992.tb00296.x

Cited by 54 publications

(23 citation statements)

References 14 publications

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“…This gap is especially large because of the relatively young age of our sample. Horton (1992) shows that the racial gap in home ownership decreases with age, and Henretta (1984) shows a larger age effect for Blacks than Whites.…”

Section: Methodsmentioning

confidence: 96%

Kin Effects on Black‐White Account and Home Ownership

Heflin

Pattillo²

2002

Sociological Inquiry

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This article combines the literature on kin networks and racial disparities in asset ownership. Specifically, we examine the effects of kin characteristics—sibling poverty and parental poverty, education, and occupation—on financial account ownership and home ownership. We find that kin matter for these outcomes. Having a poor sibling and coming from a poor family are negatively associated with account and home ownership while mother’s education has a positive effect. Separate analyses by race suggest that kin characteristics matter for both Blacks and Whites for account ownership, but for home ownership they are significant for Whites only. Racial differences in kin characteristics account for over half of the racial gap in account ownership, but are not important for understanding the racial gap in home ownership. The significant effects of extended family characteristics on socioeconomic well‐being make a case for the inclusion of kin variables in the growing literature on wealth disparities among Blacks and Whites.

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Section: Methodsmentioning

confidence: 96%

Kin Effects on Black‐White Account and Home Ownership

Heflin

Pattillo²

2002

Sociological Inquiry

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“…An alternative stratitication perspective argues that segmented housing markets, resulting in part from rcsidcn tial segregation, artiGcially limit minority housing options, lowering their honicownership rate and negatively affecting the value of minority-owned homes (Kain and Ouigley 1972;King and Mieszkowski 1973;Straszheim 1974;Long and Caudill 1992: Flippen 1 999: forthcoming). For several decades, researchers have documented both the lower propensity t o own homes and the lower value of homes owned by black Americ;rns relative to white Americans, even net of life-cycle and economic considerations (Hcnretta 1970: Jackman andJackman 1980;Bianchi, Farley, and Spain 19x2;Parcel 1982: Horton 1992: Long and Caudill 1992: Myers and Chung 1996.…”

Section: Theoretical Overview Determinants Of H O U S I N G Inequalitymentioning

confidence: 99%

Racial and Ethnic Inequality in Homeownership and Housing Equity

Flippen

2001

The Sociological Quarterly

103

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Wealth inequality, particularly in housing, has received increased attention in recent years for its importance to racial and ethnic stratification. Yet, while we know a fair amount about black‐white wealth inequality, many questions remain regarding sources of Hispanic asset inequality. This article addresses this gap by examining racial and ethnic inequality in homeownership and housing equity among the pre‐retirement population. Results support a stratification perspective of inequality for both blacks and Hispanics; even after accounting for numerous life‐cycle, resource, and social‐psychological considerations, blacks and Hispanics continue to lag significantly behind whites in housing wealth. While Hispanics initially appear better off than blacks with respect to housing, this is largely a function of their more favorable family structure. Important differences between blacks and Hispanics in the main contributors to housing inequality highlight the need to take a more multiethnic perspective on wealth stratification.

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“…Yet by claiming that discrimination keeps this market from serving minorities equally, they suggest that removing such barriers might influence spatial segregation. Indeed, most research indicates that minority benefits from homeownership are constrained by discrimination (Denton 2001;Horton 1992;Myers and Chung 1996).…”

Section: Prior Studiesmentioning

confidence: 98%

Racial/ethnic differences in housing outcomes for first‐time, low‐income home buyers: Findings from a National homeownership education program

Zandt

2007

Housing Policy Debate

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Federal housing policies aimed at making homeownership more accessible through education and affordable lending have been successful in raising the homeownership rate among minorities. By marketing homeownership to underserved populations and helping them overcome financial and informational obstacles, such programs might be expected to promote equality in housing outcomes, including housing quality, neighborhood composition, and neighborhood conditions, for minority homeowners.This article examines the experience of participants in a national homeownership education program. While the transition to homeownership has been associated with modest progress, it does not overcome persistent disparities in housing quality. Homeownership appears to lead to poorer neighborhood conditions for all lower-income buyers-not just minorities-and may be exacerbating social and spatial isolation rather than helping to overcome it. Differences in neighborhood outcomes, however, may be due to locational preference rather than discrimination in housing and mortgage markets.

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Race and Wealth: A Demographic Analysis of Black Homeownership*

Cited by 54 publications

References 14 publications

Kin Effects on Black‐White Account and Home Ownership

Kin Effects on Black‐White Account and Home Ownership

Racial and Ethnic Inequality in Homeownership and Housing Equity

Racial/ethnic differences in housing outcomes for first‐time, low‐income home buyers: Findings from a National homeownership education program

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