Working Papers

Black Home Buying After the Crisis: Appreciation and Segregation Patterns in Fifteen Large Metropolitan Areas

A new working paper (link here) from Professor Dan Immergluck, Stephanie Earl, and Allison Powell addresses the appreciation of homes purchased by African Americans in the wake of the U.S. mortgage crisis, and the segregation of African-American homebuying patterns. Using neighborhood-level home value data, they estimate the 2012 to 2017 appreciation rates of homes purchased by African-Americans in 15 large metropolitan areas. They also examine the racial composition of the neighborhoods where African Americans bought homes. The authors conclude with a set of policy recommendations, ranging from enforcing and strengthening consumer protection and fair lending policies to providing downpayment assistance and supporting community development financial institutions.