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Homeownership in the 1980s and 1990s: aggregate trends and racial gaps

机译:1980年代和1990年代的房屋所有权:总体趋势和种族差距

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摘要

Housing policy under the Clinton and Bush Administrations has sought to boost homeownership while also narrowing racial gaps in owner-occupancy rates. Against that backdrop, homeownership rose sharply in the 1990s, but white-minority gaps remain in excess of 25 percentage points. We analyze these patterns using data from the 1983 to 2001 Survey of Consumer Finances. Results indicate that household characteristics explain most of the increase in homeownership and roughly two-thirds of the white-minority homeownership gap. Credit barriers account for no more than 5 percentage points of the remaining gap. This suggests that policy makers will need to look beyond innovations in mortgage finance if their goal is to further expand homeownership.
机译:克林顿政府和布什政府的住房政策寻求在增加房屋所有权的同时缩小所有人入住率的种族差距。在这种背景下,房屋拥有率在1990年代急剧上升,但白人与白人之间的差距仍然超过25个百分点。我们使用1983年至2001年消费者金融调查的数据来分析这些模式。结果表明,家庭特征可以解释住房所有权增加的大部分原因,而白人少数民族住房所有权差距的大约三分之二。信贷壁垒占剩余缺口的比例不超过5个百分点。这表明,如果决策者们的目标是进一步扩大房屋所有权,他们将需要超越抵押贷款融资方面的创新。

著录项

  • 来源
    《Journal of Urban Economics》 |2005年第1期|p.101-127|共27页
  • 作者单位

    Department of Finance and Business Economics and Lusk Center for Real Estate, 331 Lewis Hall, University of Southern California, Los Angeles, CA 90089-1421, USA;

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  • 原文格式 PDF
  • 正文语种 eng
  • 中图分类 f;
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