Download or read book Factors Affecting Hispanic Homeownership written by Alvaro Cortes and published by . This book was released on 2008 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Homeownership rates have reached unprecedented levels in the United States. According to 2005 Current Population Survey data, virtually every segment of the population has higher homeownership rates than they did a decade ago - although the gains have been largest among Hispanics. Yet, despite the rapid growth in Hispanic homeownership over the past decade, the gap between non-Hispanic White and Hispanic homeownership rates is still 26 percentage points. In light of these statistics, this article has two goals: (1) to describe the demographic and socioeconomic characteristics of the U.S. Hispanic population and how these characteristics relate to the Hispanic homeownership gap and (2) to identify the main barriers to Hispanic homeownership, including barriers associated with the lack of information about the homebuying process, the real estate and housing markets, and the financial and mortgage markets. To accomplish these goals, the article reviews the existing literature and incorporates key information on Hispanic households derived from the decennial census and other publicly available national data sets. This article is derived from a more detailed review of Hispanic homeownership gaps (Cortes et al., 2006), and the reader is referred to this study for greater details on the data and literature cited in this article.
Download or read book Why are Hispanic and Asian American Homeownership Rates so Low written by N. Edward Coulson and published by . This book was released on 2001 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The homeownership rates of Hispanic and Asian-American households are significantly less than those of some other demographic groups in the U.S., especially after accounting for income and other characteristics. This naturally leads to an investigation of the impact of immigration characteristics of various groups on the propensity for homeownership. It is found that being an immigrant has a substantial negative effect on the probability of being a homeowner but that this effect dissipates over time. The relative youth of these two groups in and of itself plays a significant role in lowering their homeownership rate, as does the relatively high rate of residence in areas with high value-rent ratios.
Download or read book Prevalence of Uncontrolled Risk Factors for Cardiovascular Disease written by Cheryl D. Fryar and published by . This book was released on 2012 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Sustainability of Homeownership written by Donald R. Haurin and published by . This book was released on 2005-09 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: The nation's homeownership rate is affected by both the length of time that households remain as homeowners rather than reverting to being a renter & the length of time households rent or live with their parents following the termination of a period of homeowning. Thus, differences in ownership rates between whites, African Americans, & Hispanics could be due, in part, to differences in their durations of owning, renting, & living with parents. This analysis reveals that it is not true that once an owner, always an owner.Ó The rate of exiting from homeownership differs substantially by race & ethnicity of the owner. This study follows a cohort of individuals for 21 years. Policies must promote new ownership spells that are sustainable. Tables.
Download or read book Homeownership Gaps Among Low income and Minority Households written by and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Hispanic Immigrant Context and Housing Market Conditions written by Lauren Joy Krivo and published by . This book was released on 1990 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Achieving Equity written by Michael A. Mendez and published by . This book was released on 2002 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Housing Needs of Hispanics written by United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Housing and Community Development and published by . This book was released on 1985 with total page 462 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Place Called Home written by Kim R. Manturuk and published by Oxford University Press. This book was released on 2017-09-01 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the onset of the mortgage lending crisis and the subsequent Great Recession, there has been ongoing debate about the economic benefits of homeownership. Some say homeownership remains an important contributor to wealth creation, while others believe that renting is a less expensive and less risky option. This debate has raised an interesting question about homeownership: if the home is not guaranteed to provide a solid return on investment, is there a rationale for promoting homeownership beyond whatever financial benefits it may deliver? The authors' research has provided tremendous insights into the extra-financial effects of affordable homeownership. It shows that homeowners, when compared with renters, have better health outcomes, experience less stress in times of financial hardship, experience a greater sense of trust in their neighbors, have access to more social capital resources, and are more likely to vote. Further, the data allows us to explore not only what benefits result from affordable homeownership, but how and why these benefits are transferred. The book ultimately argues that homeownership is not only important for financial reasons, but also functions as a social tool that can improve the lives of low- and moderate-income people.
Download or read book Racial and Ethnic Disparities in Homeownership written by Susan M. Wachter and published by . This book was released on 2018 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: There are persistent differences in homeownership rates across racial and ethnic groups. Homeownership rates for whites are over 20 percentage points higher than for blacks or Hispanics. This paper uses a model of the housing tenure decision to gain a better understanding of these racial and ethnic differentials in homeownership and employs a decomposition technique that has been applied to labor market discrimination to report the results of the empirical testing of two hypotheses; (1) race (ethnicity) influences the probability of ownership through differences in household endowments (income, education, age, gender, and family type) and market endowments (price and location); and (2) race (ethnicity) directly influences the probability of ownership through racial or ethnic discrimination and other factors that may be correlated with race or ethnicity. We find endowment effects important in explaining the persistent racial and ethnic disparities in homeownership. In brief, logit analysis of 1989 American Housing Survey (AHS) national sample data reveals that 81 percent (78 percent) of the differences between the predicted probability of ownership between black and white households (Hispanic/non-Hispanic) are due to differences in group endowments. Direct effects explain 19 percent of the black-white differentials and 22 percent of the Hispanic/non-Hispanic differentials. Because the direct effects are modeled as residual differences, it must be realized that the residual components could also be capturing the influence of important omitted or harder to measure variables internal to the market process and correlated with race or ethnicity. These include wealth, household location, employment history, credit history, and cultural predisposition toward homeownership.
Download or read book Tierra Y Libertad written by Steven Bender and published by NYU Press. This book was released on 2010-09-29 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the quintessential goals of the American Dream is to own land and a home, a place to raise one’s family and prove one’s prosperity. Particularly for immigrant families, home ownership is a way to assimilate into American culture and community. However, Latinos, who make up the country’s largest minority population, have largely been unable to gain this level of inclusion. Instead, they are forced to cling to the fringes of property rights and ownership through overcrowded rentals, transitory living arrangements, and, at best, home acquisitions through subprime lenders. In Tierra y Libertad, Steven W. Bender traces the history of Latinos’ struggle for adequate housing opportunities, from the nineteenth century to today’s anti-immigrant policies and national mortgage crisis. Spanning southwest to northeast, rural to urban, Bender analyzes the legal hurdles that prevent better housing opportunities and offers ways to approach sweeping legal reform. Tierra y Libertad combines historical, cultural, legal, and personal perspectives to document the Latino community’s ongoing struggle to make America home.
Download or read book The Housing Divide written by Emily Rosenbaum and published by NYU Press. This book was released on 2006-12-01 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Housing Divide examines the generational patterns in New York City's housing market and neighborhoods along the lines of race and ethnicity. The book provides an in-depth analysis of many immigrant groups in New York, especially providing an understanding of the opportunities and discriminatory practices at work from one generation to the next. Through a careful read of such factors as home ownership, housing quality, and neighborhood rates of crime, welfare enrollment, teenage pregnancy, and educational achievement, Emily Rosenbaum and Samantha Friedman provide a detailed portrait of nei.
Download or read book How Well are We Housed Limmer R Hispanics written by United States. Department of Housing and Urban Development. Office of Policy Development and Research and published by . This book was released on 1978 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Fair Housing and Latinos written by Herminia L. Cubillos and published by . This book was released on 1988 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Homeownership Experience of Minorities During the Great Recession written by Charles S. Gascon and published by . This book was released on 2019 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: It has been argued that during the Great Recession, wealth losses were more concentrated for college-Âeducated Black and Hispanic families than for White and Asian college-educated families and their non-college-educated Black and Hispanic peers. This article explores the extent to which the homeownership experience for families who purchased homes between 2004 and 2008 is a potentially imporÂtant factor in explaining this finding. During the housing boom, the increase in homeownership for Blacks and Hispanics was very similar, but the second group had a smaller decline. Despite these differences, the Great Recession was far more destructive for these minorities regardless of income. Logit regressions show that underwriting standards and loan structure explain a significant amount of the non-White–White gap in foreclosures. However, geographic concentration was most significant in explaining the gap for Hispanic borrowers. Despite accounting for these factors, sizable gaps in the likelihood of foreclosure remain between Blacks and Hispanics relative to Whites.
Download or read book The Hispanic Housing Crisis written by Cushing N. Dolbeare and published by . This book was released on 1988 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Handbook of Consumer Finance Research written by Jing Jian Xiao and published by Springer. This book was released on 2016-05-30 with total page 379 pages. Available in PDF, EPUB and Kindle. Book excerpt: This second edition of the authoritative resource summarizes the state of consumer finance research across disciplines for expert findings on—and strategies for enhancing—consumers’ economic health. New and revised chapters offer current research insights into familiar concepts (retirement saving, bankruptcy, marriage and finance) as well as the latest findings in emerging areas, including healthcare costs, online shopping, financial therapy, and the neuroscience behind buyer behavior. The expanded coverage also reviews economic challenges of diverse populations such as ethnic groups, youth, older adults, and entrepreneurs, reflecting the ubiquity of monetary issues and concerns. Underlying all chapters is the increasing importance of financial literacy training and other large-scale interventions in an era of economic transition. Among the topics covered: Consumer financial capability and well-being. Advancing financial literacy education using a framework for evaluation. Financial coaching: defining an emerging field. Consumer finance of low-income families. Financial parenting: promoting financial self-reliance of young consumers. Financial sustainability and personal finance education. Accessibly written for researchers and practitioners, this Second Edition of the Handbook of Consumer Finance Research will interest professionals involved in improving consumers’ fiscal competence. It also makes a worthwhile text for graduate and advanced undergraduate courses in economics, family and consumer studies, and related fields.
