Racial Disparities, Homeownership, and Mortgage Lending in the Post-Great Recession Period: the Case of the Minneapolis-St. Paul Metropolitan Area

Samuel L. Myers, Won Fy Lee

Research output: Contribution to journalArticlepeer-review

Abstract

Racial disparities in homeownership in Minnesota are among the largest in the nation. In this study, we document the widening racial disparities in homeownership rates and credit market conditions during the Great Recession using Census and HMDA data. During the Great Recession, the disparities in both credit lending and loan application rates widened, which contributed to the widening racial disparities in homeownership rates. Our study suggests that the Great Recession has disproportionately impacted the experience of black families
Original languageEnglish (US)
Pages (from-to)47-59
Number of pages13
JournalJournal of Economics, Race, and Policy
Volume1
Issue number2
DOIs
StatePublished - 2018

Keywords

  • Great recession
  • Homeownership
  • Minneapolis-St. Paul metropolitan area
  • Mortgage loan
  • Racial disparity

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