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Mobility, Residential Location and the American Dream: The Intrametropolitan Geography of Minority Homeownership

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  • Stuart A. Gabriel
  • Gary Painter

Abstract

This article applies data from Washington, DC, Chicago and Los Angeles to estimate three‐level nested multinomial logit models of household mobility, residential location and homeownership tenure choice. Model simulation indicates that shocks to income can significantly elevate the homeownership attainment of minority households; however, their urban settlement and homeownership patterns remain substantially more concentrated than those of whites. Simulated equilibration of black economic status with that of whites results in an approximate doubling of homeownership rates among black movers to central city areas. In contrast, homeownership rates among black movers to suburban and outlying areas lag far behind those of whites.

Suggested Citation

  • Stuart A. Gabriel & Gary Painter, 2008. "Mobility, Residential Location and the American Dream: The Intrametropolitan Geography of Minority Homeownership," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 36(3), pages 499-531, September.
    • Handle: RePEc:bla:reesec:v:36:y:2008:i:3:p:499-531
    DOI: 10.1111/j.1540-6229.2008.00220.x
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    References listed on IDEAS

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    Cited by:

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    2. Wang, Jia & Winters, John V. & Yuan, Weici, 2022. "Can legal status help unauthorized immigrants achieve the American dream? Evidence from the Deferred Action for Childhood Arrivals program," Regional Science and Urban Economics, Elsevier, vol. 95(C).
    3. Durba Chakrabarty & Michael J. Osei & John V. Winters & Danyang Zhao, 2019. "Which immigrant and minority homeownership rates are gaining ground in the US?," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 43(2), pages 273-297, April.
    4. Kwan Ok Lee, 2014. "Why Do Renters Stay In Or Leave Certain Neighborhoods? The Role Of Neighborhood Characteristics, Housing Tenure Transitions, And Race," Journal of Regional Science, Wiley Blackwell, vol. 54(5), pages 755-787, November.
    5. Chakrabarty, Durba & Osei, Michael J. & Winters, John V. & Zhao, Danyang, 2017. "Are Immigrant and Minority Homeownership Rates Gaining Ground in the US?," IZA Discussion Papers 10852, Institute of Labor Economics (IZA).
    6. Oberg, Phillip Michael, 2017. "The housing bubble and the evolution of the homeownership gap," The Quarterly Review of Economics and Finance, Elsevier, vol. 65(C), pages 25-35.
    7. Kusum Mundra, 2020. "Immigrant and Minority Homeownership Experience: Evidence from the 2009 American Housing Survey," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 46(1), pages 53-81, January.
    8. Prashant Das & N. Edward Coulson & Alan Ziobrowski, 2019. "Caste, Faith, Gender: Determinants of Homeownership in Urban India," The Journal of Real Estate Finance and Economics, Springer, vol. 59(1), pages 27-55, July.
    9. Hembre, Erik & Dantas, Raissa, 2022. "Tax incentives and housing decisions: Effects of the Tax Cut and Jobs Act," Regional Science and Urban Economics, Elsevier, vol. 95(C).
    10. Bologna, Pierluigi & Cornacchia, Wanda & Galardo, Maddalena, 2022. "Release of a liquidity regulation: What do we learn for credit and house prices?," Journal of Financial Stability, Elsevier, vol. 61(C).
    11. Igor Sarman, 2015. "Second-homeowners' intention to move : an integrated ordered logit model with latent variable," IdEP Economic Papers 1502, USI Università della Svizzera italiana.

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