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Race of the Homeowner and Appreciation of Single-Family Homes in the United States

Douglas Coate and James VanderHoff

The Journal of Real Estate Finance and Economics, 1993, vol. 7, issue 3, 205-12

Abstract: In this article we use data from the annual housing surveys to compare the real appreciation of black- and white-owned single-family homes in the U.S. in the 1974 to 1983 period. The empirical results show that single-family home appreciation depends primarily on income and population growth in the local real estate market and that race of the homeowner is not important to the appreciation process. Copyright 1993 by Kluwer Academic Publishers

Date: 1993
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Handle: RePEc:kap:jrefec:v:7:y:1993:i:3:p:205-12