Endowments and Minority Homeownership

65 Pages Posted: 26 Nov 2018

See all articles by Arthur Acolin

Arthur Acolin

University of Washington - College of Built Environments

Desen Lin

University of Pennsylvania, Department of Economics

Susan M. Wachter

University of Pennsylvania - Wharton School, Department of Real Estate ; University of Pennsylvania - Finance Department

Date Written: October 8, 2018

Abstract

Fifty years after the adoption of the 1968 Fair Housing Act that prohibits discrimination in the housing market, homeownership rates have not increased for black or Hispanic households. The current homeownership rate for black households is 42 percent, identical to the 1970 census reported level, and 48 percent for Hispanic households, lower than 1970. Using data from the 1989, 2005 and 2013 American Housing Surveys, we identify the extent to which group differences in household endowments account for persistently low minority homeownership levels.

Keywords: homeownership, race, permanent income, Fair Housing Act

JEL Classification: R20, R21, R31

Suggested Citation

Acolin, Arthur and Lin, Desen and Wachter, Susan M., Endowments and Minority Homeownership (October 8, 2018). Cityscape, Forthcoming. Available at SSRN: https://ssrn.com/abstract=3269089

Arthur Acolin (Contact Author)

University of Washington - College of Built Environments ( email )

224 Gould Hall
Box 355726
Seattle, WA 98195
United States

Desen Lin

University of Pennsylvania, Department of Economics ( email )

PCPSE 535, 133 South 36th Street
Philadelphia, PA 19104
United States

Susan M. Wachter

University of Pennsylvania - Wharton School, Department of Real Estate ( email )

The Wharton School
3620 Locust Walk
Philadelphia, PA 19104-6330
United States
215-898-6355 (Phone)

HOME PAGE: http://real.wharton.upenn.edu/~wachter/index.html

University of Pennsylvania - Finance Department ( email )

The Wharton School
3620 Locust Walk
Philadelphia, PA 19104
United States

HOME PAGE: http://real.wharton.upenn.edu/~wachter/index.html

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