From Boom to Bust: The Effects of Economic Recession on Minority Groups' Experience in the Housing Market

From Boom to Bust: The Effects of Economic Recession on Minority Groups' Experience in the Housing Market

The homeownership rate in the US reached an all-time high of 69.2 percent by 2006, attributed to factors like favorable mortgage lending practice, economic boom, and incentive policies. The recent subprime mortgage crisis and economic recession, however, widened the gap in homeownership between raci...

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Bibliographic Details
Main Authors: From Boom to Bust: The Effects of Economic Recession on Minority Groups' Experience in the Housing Market, Ying Yang
Format: Article
Language:English
Published: North Carolina Sociological Association 2013-06-01
Series:Sociation Today
Subjects:
homeownership
economic recession
minority groups
home equity
home ownership
Online Access:http://www.ncsociology.org/sociationtoday/v111/housing.html

Internet

http://www.ncsociology.org/sociationtoday/v111/housing.html

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