Brief A Silver Lining with Holes? Losses and Gains in Homeownership for Families with Children during the Foreclosure Crisis
Leah Hendey, C. Eugene Steuerle
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Using data from the Making Connections Cross-site Survey, this brief explores movement into and out of homeownership for families with children in selected low-income neighborhoods. We find that poor families and those with less home equity are more likely to move out of homeownership. With the reduction in home prices in many areas, brought on by the housing crisis, there are increasing opportunities for affordable homeownership. However, we find that two-parent and Hispanic families may be relatively more likely, and blacks and single-parent families relatively less likely, to take advantage of these new chances for homeownership.
Research Areas Wealth and financial well-being Families
Tags Asset and debts Family and household data Opportunity and ownership
Policy Centers Metropolitan Housing and Communities Policy Center