April 9, 2005
Brent Hopkins
The study, which examines data for a 20-year period, said minority households are saving for homes but are still unable to buy.
Stuart Gabriel, director of the Lusk Centercolor> and co-author of the report, suggested that public policy should focus on improving minorities' economic situations, rather than coming up with new mortgage arrangements.
"We're not going to get that market closure in the gap until we see strong economic gains among minority populations," Gabriel said. "The best housing policy may not be housing policy at all. It may be job training or education for minority communities. If you address that, bring up their socioeconomic status, the gap may disappear altogether."