Mobility, Residential Location and the American Dream: The Intrametropolitan Geography of Minority Homeownership
Stuart A. Gabriel
University of California, Los Angeles - Anderson School of Management
University of Southern California - Sol Price School of Public Policy
Real Estate Economics, Vol. 36, Issue 3, pp. 499-531, Fall 2008
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.
Number of Pages in PDF File: 33Accepted Paper Series
Date posted: August 4, 2008
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