Dissertation/Thesis Abstract

Have Homeownership Rates Transitioned Since the Financial Crisis? Evidence from the Survey of Consumer Finances Data
by Amrelle, Kevin A., M.S., The University of North Carolina at Charlotte, 2017, 47; 10607538
Abstract (Summary)

Since 1989, significant mortgage finance innovation and federal policies with the intent of increasing homeownership participation particularly amongst minorities were implemented until the 2007 recession. This paper uses the Survey of Consumer Finances to analyze the lasting effectiveness of the mortgage finance innovations and federal policies on owner-occupancy rates leading up to and after the financial recession in 2007 until 2013. The results indicate that policy and macroeconomic factors offer temporary shifts in homeownership participation while household attribute changes have long lasting impact. Trends in the savings patterns of renters work as an effective measure for transitioning into homeownership. Shift-share analysis reinforces the idea that the model coefficients effectively capture household sentiment and macroeconomic conditions. Homeownership participation, especially amongst minorities, improved in 2013 relative to 1989 but the homeownership gap between minorities and white households has grown.

Indexing (document details)
Advisor: Mayock, Thomas
Commitee: Gandar, John, Mayock, Thomas, Zillante, Artie
School: The University of North Carolina at Charlotte
Department: Economics
School Location: United States -- North Carolina
Source: MAI 56/06M(E), Masters Abstracts International
Subjects: African American Studies, Economics, Hispanic American studies
Keywords: Demographics, Gap, Homeownership, Race, Rates, Recession
Publication Number: 10607538
ISBN: 978-0-355-13293-9
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