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Tenure choice with location selection: the case of Hispanic neighborhoods in Chicago

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  • Maude Toussaint-Comeau
  • Sherrie L. W. Rhine

Abstract

A notable feature of immigration into the U.S. is the high degree of spatial concentration of different immigrant groups. We ask the question whether residing in areas with a large proportion of a co-ethnic group influence the decision to own a home for Hispanics in the Chicago Metropolitan area. The results show that Hispanics choose to live in Hispanic enclaves based on relatively homogeneous characteristics such as recent migration, less English language fluency, and lower income. More years in the U.S., higher education attainment and English language fluency remain strong predictors of homeownership. Individuals are less likely to be homeowners in communities with a larger co-ethnic concentration, foreign-born residents, or lower-income

Suggested Citation

  • Maude Toussaint-Comeau & Sherrie L. W. Rhine, 2003. "Tenure choice with location selection: the case of Hispanic neighborhoods in Chicago," Working Paper Series WP-03-05, Federal Reserve Bank of Chicago.
  • Handle: RePEc:fip:fedhwp:wp-03-05
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    File URL: http://www.chicagofed.org/digital_assets/publications/working_papers/2003/wp2003-05.pdf
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    References listed on IDEAS

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    1. B.R. Chiswick & P.W. Miller, 2000. "Do Enclaves Matter in Immigrant Adjustment?," Economics Discussion / Working Papers 00-19, The University of Western Australia, Department of Economics.
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    3. Borjas, George J., 2002. "Homeownership in the immigrant population," Journal of Urban Economics, Elsevier, vol. 52(3), pages 448-476, November.
    4. Kan, Kamhon, 2000. "Dynamic Modeling of Housing Tenure Choice," Journal of Urban Economics, Elsevier, vol. 48(1), pages 46-69, July.
    5. Goodman, Allen C. & Kawai, Masahiro, 1982. "Permanent income, hedonic prices, and demand for housing: New evidence," Journal of Urban Economics, Elsevier, vol. 12(2), pages 214-237, September.
    6. Deng, Yongheng & Ross, Stephen L. & Wachter, Susan M., 2003. "Racial differences in homeownership: the effect of residential location," Regional Science and Urban Economics, Elsevier, vol. 33(5), pages 517-556, September.
    7. Coulson, N. Edward, 1999. "Why Are Hispanic- and Asian-American Homeownership Rates So Low?: Immigration and Other Factors," Journal of Urban Economics, Elsevier, vol. 45(2), pages 209-227, March.
    8. Boehm, Thomas P & Herzog, Henry W, Jr & Schlottmann, Alan M, 1991. "Intra-urban Mobility, Migration, and Tenure Choice," The Review of Economics and Statistics, MIT Press, vol. 73(1), pages 59-68, February.
    9. David M. Cutler & Edward L. Glaeser, 1997. "Are Ghettos Good or Bad?," The Quarterly Journal of Economics, Oxford University Press, vol. 112(3), pages 827-872.
    10. Goodman, Allen C., 1990. "Demographics of individual housing demand," Regional Science and Urban Economics, Elsevier, vol. 20(1), pages 83-102, June.
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    Keywords

    Immigrants ; Income ; Mortgage loans;

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