Gap persists in homeownership, By Lisa Prevost, February 6, 2015, New York Times: “The rising tide of economic recovery is not lifting those most in need, according to an annual scorecard of financial security and opportunity put out by the nonprofit Corporation for Enterprise Development. Low- to moderate-income households and households of color remain far behind on a number of measures of financial well-being, especially when it comes to homeownership…”
Tag: Homeownership
Student Debt and Homeownership
Student debt Is hurting homeownership for blacks more than whites, By Nick Timiraos, June 20, 2014, Wall Street Journal: “Is student loan debt causing young adults to retreat from the housing market en masse? No, but it’s having some impact, and the debt burden appears to be hitting black borrowers harder than whites, says a recent paper from researchers Jason Houle of Dartmouth College and Lawrence Berger of the University of Wisconsin-Madison. The authors look at the relationship between student-loan debt and homeownership for those under age 30. The authors do find an inverse relationship between student loan debt and homeownership, mortgage acquisition and the amount of mortgage debt. But the overall relationship is modest . . .”