Home Improvement Lending in the Third Federal Reserve District: Patterns by Income, Race, and Gender

Alex Carlin

Cascade Focus, 2018

Abstract: Historically, local, state, and federal policies in the U.S. have encouraged households of all backgrounds to pursue homeownership because of the various benefits of owning a home, such as wealth building, protection against housing cost inflation, and psychological well-being, among others.1 Research has demonstrated that the financial, physical, and psychological benefits associated with owning a home have accrued to homeowners of all stripes. However, LMI, minority, and elderly households often face financial barriers to sustaining homeownership over the long run.

Keywords: diversity; demographics; homeownership (search for similar items in EconPapers)
Date: 2018
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