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Trends in homeownership: race, demographics, and income

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Author Info
Lewis M. Segal
Daniel G. Sullivan
Abstract

The nation's homeownership rate recently reached an all-time high, with especially large gains among black households. This article quantifies the impact of underlying demographic and income trends on homeownership, concluding that while much of the increase in the aggregate homeownership rate can be attributed to faster growth in real incomes, the gains experienced by blacks may, in part, reflect a new regulatory environment.

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File URL: http://www.chicagofed.org/publications/economicperspectives/1998/ep2Q98_4.pdf
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Publisher Info
Article provided by Federal Reserve Bank of Chicago in its journal Economic Perspectives.

Volume (Year): (1998)
Issue (Month): Q II ()
Pages: 53-72
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Handle: RePEc:fip:fedhep:y:1998:i:qii:p:53-72:n:22no.2

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Keywords: Housing

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Denise DiPasquale & Edward L. Glaeser, 1998. "Incentives and Social Capital: Are Homeowner's Better Citizens?," NBER Working Papers 6363, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  2. Gyourko, Joseph & Linneman, Peter, 1996. "Analysis of the Changing Influences on Traditional Households' Ownership Patterns," Journal of Urban Economics, Elsevier, vol. 39(3), pages 318-341, May. [Downloadable!] (restricted)
  3. Blau, Francine D & Graham, John W, 1990. "Black-White Differences in Wealth and Asset Composition," The Quarterly Journal of Economics, MIT Press, vol. 105(2), pages 321-39, May. [Downloadable!] (restricted)
    Other versions:
  4. Richard K. Green & Michelle J. White, 1994. "Measuring the Benefits of Homeowning: Effects on Children," Wisconsin-Madison CULER working papers 94-05, University of Wisconsin Center for Urban Land Economic Research.
    Other versions:
  5. Richard K. Green, 1995. "Should the Stagnant Homeownership Rate be a Source of Concern?," Wisconsin-Madison CULER working papers 95-06, University of Wisconsin Center for Urban Land Economic Research.
    Other versions:
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Matthew Chambers & Carlos Garriga & Don E. Schlagenhauf, 2007. "Accounting for changes in the homeownership rate," Working Paper 2007-21, Federal Reserve Bank of Atlanta. [Downloadable!]
    Other versions:
  2. Jonas D. M. Fisher & Saad Quayyum, 2006. "The great turn-of-the-century housing boom," Economic Perspectives, Federal Reserve Bank of Chicago, issue Q III, pages 29-44. [Downloadable!]
  3. Catalina Amuedo-Dorantes & Ricardo Serrano-Padial, 2006. "Wage Growth Implications of Fixed-Term Employment: An Analysis by Contract Duration and Job Mobility," Working Papers 0016, San Diego State University, Department of Economics. [Downloadable!]
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