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Exits From Homeownership: The Effects Of Race, Ethnicity, And Income

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  • Tracy M. Turner
  • Marc T. Smith

Abstract

This paper examines the extent to which populations experiencing low homeownership rates in the U.S. also experience high homeownership exit rates. We determine whether low-income Hispanic and black households that achieve homeownership are as likely as white and high-income households to sustain it. Using the Panel Study of Income Dynamics spanning the years 1970-2005, we find that low-income homeowners consistently have higher homeownership exit rates, Hispanic households have higher raw exit rates prior to but not subsequent to 1997, and a black/white sustainability gap appears to arise post-1997. Copyright (c) 2008, Wiley Periodicals, Inc.

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Bibliographic Info

Article provided by Wiley Blackwell in its journal Journal of Regional Science.

Volume (Year): 49 (2009)
Issue (Month): 1 ()
Pages: 1-32

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Handle: RePEc:bla:jregsc:v:49:y:2009:i:1:p:1-32

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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0022-4146

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Cited by:
  1. Sarah Riley, 2012. "Land use regulations and the returns to low-income homeownership," The Annals of Regional Science, Springer, vol. 49(3), pages 745-766, December.
  2. Christian A. L. Hilber & Tracy M. Turner, 2010. "The Mortgage Interest Deduction and its Impact on Homeownership Decisions," SERC Discussion Papers 0055, Spatial Economics Research Centre, LSE.
  3. Kusum Mundra, 2013. "Minority and Immigrant Homeownership Experience: Evidence from the 2009 American Housing Survey," Working Papers Rutgers University, Newark 2013-001, Department of Economics, Rutgers University, Newark.
  4. Turner, Tracy M. & Luea, Heather, 2009. "Homeownership, wealth accumulation and income status," Journal of Housing Economics, Elsevier, vol. 18(2), pages 104-114, June.

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