Racial Disparities, Homeownership, and Mortgage Lending in the Post-Great Recession Period: the Case of the Minneapolis-St. Paul Metropolitan Area

Samuel L. Myers () and Won Fy Lee
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Samuel L. Myers: University of Minnesota

Journal of Economics, Race, and Policy, 2018, vol. 1, issue 2, No 2, 47-59

Abstract: Abstract Racial disparities in homeownership in Minnesota are among the largest in the nation. In this study, we document the widening racial disparities in homeownership rates and credit market conditions during the Great Recession using Census and HMDA data. During the Great Recession, the disparities in both credit lending and loan application rates widened, which contributed to the widening racial disparities in homeownership rates. Our study suggests that the Great Recession has disproportionately impacted the experience of black families

Keywords: Great recession; Homeownership; Mortgage loan; Racial disparity; Minneapolis-St. Paul metropolitan area (search for similar items in EconPapers)
Date: 2018
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DOI: 10.1007/s41996-018-0018-4

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