2003
Abstract:
The sizable and persistent gaps in homeownership attainment,
particularly among racial and ethnic minorities, is the subject of
substantial academic research and policy debate (see, for example,
Gabriel and Painter( 2 0 0 2 ), Painter, Gabriel, Myers( 2 0 0 1 ) ,
Rosenthal (2001), Coulson (1999), Gyourko and Linneman (1996), and Wachter
and Megbolugbe (1992). While the U.S. homeownership rate rose to a record
high of almost 68 percent in 2002, the longstanding white-minority
homeownership gap of 27 percentage points was little changed: about 74 percent
of white households had achieved homeownership, compared with only about
48 percent of black and Hispanic households
