Why are Hispanic- and Asian-American homeownership rates so low?: immigration and other factors
Article Abstract:
A study was conducted to explain the low homeownership rate for Hispanic-Americans and Asian-Americans. This analysis focused on the possible effect of immigrant status and other factors on the likelihood of becoming homeowners. The study follows a series of probit models of homeownership using data culled from the Mar 1996 Current Population Survey. Findings revealed that immigration status indeed has an explanatory role in the lower homeownership rates among these ethnic groups. The length of stay in the US was found to have a positive relationship with homeownership. However, immigration status is not the only factor affecting homeownership. Location in areas with expensive homeownership rates is a contributing factor, particularly among Asian-Americans. The lower educational achievement of Hispanic-Americans is also responsible for homeownership. Finally, young household heads were also found to have an impact.
Publication Name: Journal of Urban Economics
Subject: Government
ISSN: 0094-1190
Year: 1999
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Externalities, filtering, and neighborhood change
Article Abstract:
A model of neighborhood change is proposed which integrates the effects of an influx of low-income households into a neighborhood combined with effects of aging housing units. An analysis of the model indicates that as housing gets older, the filtering of housing down to low-income groups may be unstable because the value of housing is positively related to the percentage of high-income households in a neighborhood. Results also suggest that if old housing is replaced by new housing on a steady basis, a neighborhood may be able to sustain a mixed-neighborhood equilibrium.
Publication Name: Journal of Urban Economics
Subject: Government
ISSN: 0094-1190
Year: 1989
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