English, Article edition: EXITS FROM HOMEOWNERSHIP: THE EFFECTS OF RACE, ETHNICITY, AND INCOME Tracy M. Turner; Marc T. Smith

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Physical Description
  • article
Language
  • English

Edition details

Title
  • EXITS FROM HOMEOWNERSHIP: THE EFFECTS OF RACE, ETHNICITY, AND INCOME
Author
  • Tracy M. Turner
  • Marc T. Smith
Physical Description
  • article
Notes
  • This paper examines the extent to which populations experiencing low homeownership rates in the U.S. also experience high homeownership exit rates. We determine whether low-income Hispanic and black households that achieve homeownership are as likely as white and high-income households to sustain it. Using the Panel Study of Income Dynamics spanning the years 1970-2005, we find that low-income homeowners consistently have higher homeownership exit rates, Hispanic households have higher raw exit rates prior to but not subsequent to 1997, and a black/​white sustainability gap appears to arise post-1997. Copyright (c) 2008, Wiley Periodicals, Inc.
  • RePEc:bla:jregsc:v:49:y:2009:i:1:p:1-32
Language
  • English
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