Trends in homeownership: race, demographics, and income
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.
File(s): File format is application/pdf http://www.chicagofed.org/digital_assets/publications/economic_perspectives/1998/ep2Q98_4.pdf
Provider: Federal Reserve Bank of Chicago
Part of Series: Economic Perspectives
Publication Date: 1998
Issue: Q II