The Survey of Consumer Finances and Homeownership

Brief

The Survey of Consumer Finances and Homeownership

March 5, 2007

The Survey of Consumer Finances (SCF) is a data series on household wealth compiled by the Federal Reserve. Every three years the Fed surveys about 4,500 American households, asking about their income, saving, wealth, types of wealth, debt, debt payments, and so forth, garnering valuable information. This brief focuses on homeownership, using the SCF to examine variations in ownership rates and overextension ratios by race and income.

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