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Trends in homeownership: race, demographics, and income

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  • 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.

Suggested Citation

  • Lewis M. Segal & Daniel G. Sullivan, 1998. "Trends in homeownership: race, demographics, and income," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 22(Q II), pages 53-72.
    • Handle: RePEc:fip:fedhep:y:1998:i:qii:p:53-72:n:v.22no.2
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    References listed on IDEAS

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    Cited by:

    1. Anagnostopoulos, Alexis & Atesagaoglu, Orhan Erem & Carceles-Poveda, Eva, 2013. "Skill-biased technological change and homeownership," Journal of Economic Dynamics and Control, Elsevier, vol. 37(12), pages 3012-3033.
    2. Matthew Chambers & Carlos Garriga & Don E. Schlagenhauf, 2009. "Accounting For Changes In The Homeownership Rate," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 50(3), pages 677-726, August.
    3. Joseph G. Altonji & Ulrich Doraszelski, 2005. "The Role of Permanent Income and Demographics in Black/White Differences in Wealth," Journal of Human Resources, University of Wisconsin Press, vol. 40(1).
    4. Bostic, Raphael W & Surette, Brian J, 2001. "Have the Doors Opened Wider? Trends in Homeownership Rates by Race and Income," The Journal of Real Estate Finance and Economics, Springer, vol. 23(3), pages 411-434, November.
    5. Yuxi Yao, 2023. "Accounting for the decline in homeownership among the young," Contemporary Economic Policy, Western Economic Association International, vol. 41(1), pages 79-102, January.
    6. Kang-Rae Ma & Eun-Taek Kang, 2015. "Intergenerational effects of parental wealth on children's housing wealth," Environment and Planning A, , vol. 47(8), pages 1756-1775, August.
    7. Barbara A. Wiens‐Tuers, 2004. "There's No Place Like Home," American Journal of Economics and Sociology, Wiley Blackwell, vol. 63(4), pages 881-896, October.
    8. Amuedo-Dorantes, Catalina & Serrano-Padial, Ricardo, 2007. "Wage Growth Implications of Fixed-Term Employment: An Analysis by Contract Duration and Job Mobility," Labour Economics, Elsevier, vol. 14(5), pages 829-847, October.
    9. Ron J. Feldman, 2002. "Mortgage rates, homeownership rates, and government-sponsored enterprises," Annual Report, Federal Reserve Bank of Minneapolis, vol. 16(1), pages 4-23.
    10. James E. CURTIS Jr., 2018. "Differences in wealth, evidence from structural regression decomposition, 1850-1870," Journal of Economic and Social Thought, KSP Journals, vol. 5(1), pages 42-55, March.
    11. Jonas D. M. Fisher & Saad Quayyum, 2006. "The great turn-of-the-century housing boom," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 30(Q III), pages 29-44.
    12. Gary C. Cornia & Barrett A. Slade, 2005. "Property Taxation of Multifamily Housing: An Empirical Analysis of Vertical and Horizontal Equity and Assessment Methods," Journal of Real Estate Research, American Real Estate Society, vol. 27(1), pages 17-46.

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