Racial and Ethnic Disparities in Homeownership

Is Australia's Home-ownership Rate Really Stable? An Examination of Change between 1975 and 1994

“…These latter papers have been concerned with the changing impact of race (for example, Wachter and Megbolugbe, 1992), gender (for example, Haurin and Kamara, 1992), marital status (for example, Bourassa, 1994), education (for example, Gyourko and Linneman, 1997) and other factors on home ownership. 8 In equation (3) below, P75 and P94 represent the mean probability of home ownership in 1975 and 1994 respectively, obtained by evaluating the estimates of equation (1) at the relevant means of the independent variables.…”

Homeownership in the 1980s and 1990s: aggregate trends and racial gaps

“…. Overall homeownership rates have gone from 64 percent to more than 68 percent over this period [1994][1995][1996][1997][1998][1999][2000][2001][2002][2003] A central goal of this paper is to measure the extent to which changes in the distribution of population socioeconomic attributes account for recent patterns in homeownership, and to compare those effects to the influence of changes in the macroeconomic environment 7 See, for example, Wachter and Megbolugbe [32], Gyourko and Linneman [11], Coulson [5], Painter et al [22], Gabriel and Painter [9], Haurin et al [12]. 8 In May 1988, the Atlanta Constitution published a four part series, "The Color of Money," while the Detroit Free Press published a similar series in July 1988.…”

Temporal and ethnic decompositions of homeownership rates: Synthetic cohorts across five censuses

“…This is echoed in other studies which focus more on ethnic differentials. In the case of Hispanics, Wachter and Megbolugbe (1992) calculate what might be called static relative endowment and residual effects. These are the more typical Oaxaca decompositions of ethnic differentials in a single cross section, in their case the 1989 American Housing Survey.…”

“…Previous literature that examined black-white ownership gaps in the 1980s and 1990s (e.g. Wachter and Megbolugbe, 1992;Gyourko and Linneman, 1996) found that both static endowment and residual effects were required to explain the ownership gap between whites and blacks. Progress in explaining the residual gap was made by focusing on factors not previously included in the endowment gap, such as wealth (Gyourko and Linneman, 1996;Hilber and Liu, 2008), credit constraints (Gabriel and Rosenthal, 2005), and location (Deng et al, 2003;Hilber and Liu, 2008), 6 so much so that these factors may completely eliminate the residual effect (Hilber and Liu, 2008).…”

“…Early concern was with black-white homeownership differentials. Wachter and Megbolugbe (1992), Megbolugbe and Cho (1996), Gyourko and Linneman (1996), Gyourko et al (1999) Gabriel and Painter (2003), Bostic and Surette (2001), Deng et al (2003), Painter et al (2001), Gabriel and Rosenthal (2005), Hilber and Liu (2008) and others have explored various aspects of this differential. The conditional differences between Hispanics and Anglos, and indeed differences within the Hispanic community are examined in Krivo (1995), Coulson (1999), Toussaint-Comeau and Rhine (2004), Cortes et al (2007), Bradley et al (2007) and Haurin and Rosenthal (2009) among others.…”