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Heterogeneity in Asian American Homeownership: The Impact of Household Endowments and Immigrant Status

Author

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  • Gary Painter
  • Lihong Yang
  • Zhou Yu

Abstract

Recently, research has begun to investigate the reasons for differences in homeownershiprates between Asian and whites. This paper extends this research by examining theheterogeneity that exists across Asian groups in the United States. We find that there areimportant differences across geographic area, across time, and across groups in the importance ofvarious factors that influence the likelihood of owning a home. After controlling for householdmobility and other socioeconomic characteristics, we find most Asian groups havehomeownership rates similar to whites, but Chinese households have homeownership rates 20percentage points higher than their household characteristics would predict. Part of this may bedue to differences in support unmeasured in the data, but future research is needed to betterunderstand the source of this differential.

Suggested Citation

  • Gary Painter & Lihong Yang & Zhou Yu, 2001. "Heterogeneity in Asian American Homeownership: The Impact of Household Endowments and Immigrant Status," Working Paper 8630, USC Lusk Center for Real Estate.
    • Handle: RePEc:luk:wpaper:8630
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    References listed on IDEAS

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    6. Painter, Gary, 2000. "Tenure Choice with Sample Selection: Differences among Alternative Samples," Journal of Housing Economics, Elsevier, vol. 9(3), pages 197-213, September.
    7. Frans M. Dieleman & William A. V. Clark & Marinus C. Deurloo, 2000. "The Geography of Residential Turnover in Twenty-seven Large US Metropolitan Housing Markets, 1985-95," Urban Studies, Urban Studies Journal Limited, vol. 37(2), pages 223-245, February.
    8. Gary Painter, 2000. "Tenure Choice with Sample Selection: A Note on the Differences among Alternative Samples," Working Paper 8647, USC Lusk Center for Real Estate.
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    10. Ihlanfeldt, Keith Ray, 1981. "An empirical investigation of alternative approaches to estimating the equilibrium demand for housing," Journal of Urban Economics, Elsevier, vol. 9(1), pages 97-105, January.
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    Cited by:

    1. Deborah A. Cobb‐Clark & Vincent A. Hildebrand, 2006. "The Wealth And Asset Holdings Of U.S.‐Born And Foreign‐Born Households: Evidence From Sipp Data," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 52(1), pages 17-42, March.
    2. Gary Painter & Lihong Yand & Zhou Yu, 2003. "Why are Chinese Homeownership Rates so high?," Working Paper 8620, USC Lusk Center for Real Estate.
    3. Ihley, Dorothee & Siebert-Meyerhoff, Andrea, 2016. "The evolution of immigrants' homeownership in Germany," CAWM Discussion Papers 92, University of Münster, Münster Center for Economic Policy (MEP).

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