For blacks in America, home ownership does not mitigate residential segregation

Aug 29, 2013
For blacks in America, home ownership does not mitigate residential segregation
Home ownership has long been a symbol of the American dream, but blacks owning homes may not reap the same benefits as whites and other minorities in metropolitan America, a UAlbany study finds.

While home ownership has long been a key to affluence and a symbol of the American dream, blacks owning homes may not reap the same as whites and other minorities in metropolitan America, a University at Albany study finds.

In a study published in August in the journal Demography, Samantha Friedman finds that while blacks have had steadily increasing success in achieving home ownership, it has not been enough for them to gain proximity to whites and attendant opportunities to accrue wealth.

The analyses reveal that the segregation of black renters relative to whites is significantly lower than the segregation of black owners from whites, all other factors being equal. However, this is not the case for Hispanics and Asians. The segregation of Hispanic and Asian renters from whites is greater than that of Hispanic and Asian owners from whites.

Home ownership is one of the primary ways through which families accumulate wealth, particularly for blacks and Hispanics. According to the 2002 U.S. Census Bureau, black and Hispanic households invested 61.1 percent and 58.5 percent of their , respectively, in the ownership of their homes; for non-Hispanic whites and Asians, the rates were 41.7 percent and 42.7 percent, respectively.

According to the same census-based report, in 2002, the median net worth of U.S. households with a non-Hispanic white householder was $87,056, more than 15 times the median net worth of households with a black householder ($5,446), more than 10 times that of Hispanics ($7,590), and nearly 1.5 times that of Asians ($59,292). Moreover, a report from the Pew Hispanic Center found that between 2005 and 2009, the median wealth of Hispanic and black households fell by 66 percent and 53 percent, respectively, but for whites it fell by only 16 percent.

"The in wealth between minorities and whites persists as one of the most salient fault lines in the United States," said Friedman. "Contrary to the notion that home ownership represents an endpoint in the residential assimilation process, for blacks it does not necessarily accompany a decline in residential . This obviously has significant and immediate implications for the future of racial and ethnic inequality in American society."

It is likely, Friedman says, that discrimination in the mortgage market—and in particular, the fact that blacks have been more likely than whites to acquire subprime loans—has contributed to this pattern.

Explore further: New 'Surveyman' software promises to revolutionize survey design and accuracy

More information: link.springer.com/article/10.1… %2Fs13524-012-0184-y

add to favorites email to friend print save as pdf

Related Stories

Asian neighborhoods: Separate but equal

Jun 26, 2013

Asians – recently found to be the fastest growing minority group in the U.S. – have been described as the least segregated minority group in the U.S. In fact, Chinese and Indians are segregated almost as highly as Hispanics, ...

Where Hispanics live in the US may change over time

Oct 17, 2008

A study of residential patterns in America suggests that White and Black Hispanics born in the U.S. are more likely to share neighborhoods with native non-Hispanic Whites and African Americans, compared to foreign-born Hispanics ...

Recommended for you

World population likely to peak by 2070

Oct 23, 2014

World population will likely peak at around 9.4 billion around 2070 and then decline to around 9 billion by 2100, according to new population projections from IIASA researchers, published in a new book, World Population and ...

Bullying in schools is still prevalent, national report says

Oct 23, 2014

Despite a dramatic increase in public awareness and anti-bullying legislation nationwide, the prevalence of bullying is still one of the most pressing issues facing our nation's youth, according to a report by researchers ...

Study examines effects of credentialing, personalization

Oct 23, 2014

Chris Gamrat, a doctoral student in learning, design and technology, recently had his study—completed alongside Heather Zimmerman, associate professor of education; Jaclyn Dudek, a doctoral student studying learning, design ...

User comments : 0