Trends in homeownership: Race, demographics, and income
The nation.s homeownership rate recently reached an all-time high, with especially
large gains among black households. This article quantifies the impact of underlying
demographic and income trends on homeownership, concluding that while much
of the increase in the aggregate homeownership rate can be attributed to faster
growth in real incomes, the gains experienced by blacks may, in part, reflect a new
regulatory environment.
