Academic Study Finds a Large Racial Gap in the Transition Out of Homeownership

homeResearchers at Rice University in Houston and Cornell University in Ithaca, New York, find in a new study that although racial discrimination has been drastically reduced in the marketing of real estate, growing racial economic inequality is making it increasingly difficult for many African Americans to afford their own home.

The study examined home ownership patterns over the past four decades. Researchers found that since the 1990s, African American homebuyers were 45 percent more likely than Whites to transition out of homeownership. One of the reasons that Blacks have had trouble holding on to their homes is that lenders targeted minorities with subprime loans for mortgages and home refinancings. Subsequently, many Black families were unable to make payments on these loans and had to sell their properties or lost their homes.

The study, “Emerging Forms of Racial Inequality in Homeownership Exit, 1968-2009,” appears in the August issue of the journal Social Problems. It may be accessed here.

Below is a video showing Gregory Sharp, a postdoctoral fellow in sociology and lead author of the study, discussing the research.

Related Articles

Leave a Reply

Get the JBHE Weekly Bulletin

Receive our weekly email newsletter delivered to your inbox

Latest News

Census Bureau Finds White Households Were Ten Times Wealthier Than Black Households in 2021

In 2021, White households represented 65.3 percent of all American homes, but owned 80 percent of all wealth. In comparison, Black households represented 13.6 percent of all households, but held only 4.7 percent of all wealth.

Bonita Brown Named Fourteenth Chancellor of Winston-Salem State University

Earlier in her career, Dr. Brown served as an assistant attorney with Winston-Salem State University. On July 1, she will return to the historically Black university as its fourteenth chancellor.

Study Debunks Popular Theory that Incarceration Leads to Safer Communities for Black Americans

A new study from Boston University has challenged the assumption that incarceration leads to safer communities, finding higher rates of incarceration in Black communities results in higher gun violence in those same communities. This pattern was not found among White or Hispanic neighborhoods.

Jonathan Jefferson Appointed President of Roxbury Community College in Boston

Dr. Jefferson comes to his new role with more than three decades of professional experience. He has been serving  as chief academic officer and provost at Lesley University in Cambridge, Massachusetts.

Featured Jobs