Determinants of Immigrant Homeownership: Examining their Changing Role during the Great Recession and Beyond

Kusum Mundra () and Ruth Uwaifo Oyelere

No 7468, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: The Great Recession had significant economic effects both in the U.S. and around the world. There is evidence that homeownership rates declined during this period, though some immigrants were less severely affected compared to natives. In this paper we investigate the role of several factors in reducing the vulnerability of immigrants in the face of the economic crisis and increasing the probability of their homeownership. Specifically we examine to what extent birthplace networks, savings, length of stay in the U.S., and citizenship status affect the probability of homeownership before the recession and to what extent these impacts have changed since the recession. Using data from Current Population Survey for the years 2000 – 2012 our results suggest that birthplace networks have a significant effect on homeownership and this effect further increases after the onset of recession. Moreover the impact of birthplace network on homeownership is stronger for citizens and those who are not recent immigrants. We also find a decline in the impact of saving and length of stay on the probability of homeownership during 2007-2012 compared to earlier years. In contrast we find an increase in the impact of being a citizen on immigrant homeownership during this period.

Keywords: Great Recession; home ownership; birthplace networks; savings; years in the U.S.; citizenship status (search for similar items in EconPapers)
JEL-codes: J11 J15 R20 R23 (search for similar items in EconPapers)
Pages: 49 pages
Date: 2013-06
New Economics Papers: this item is included in nep-mig and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

Published - published in: International Migration Review, 2018, 52(3), 648-694

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