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Homeownership Gains, 1990-2000

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HUD recently released findings from a national analysis
of changes in homeownership rates at the neighborhood
(i.e., census tract) level during the 1990s.
Homeownership increased in 57 percent of neighborhoods,
while 43 percent experienced only little change or a
decline. The largest increases were in neighborhoods with
low housing densities, high proportions of single-family
homes, and higher average house values. Tracts with lower
homeownership rates at the beginning of the decade tended
to see greater homeownership growth.

Minority homeownership rates improved slightly: black
homeownership by 2.9, Hispanic homeownership by 3.4, and
Asian homeownership by 0.3 percent. Black and Hispanic
homeownership gains were more likely in tracts with
higher relative income levels and higher overall
homeownership rates. Other factors positively associated
with minority homeownership gains included lower housing
density, higher proportions of single-family units, and
higher levels of new construction.

Minority homeownership also tended to grow in
neighborhoods that began the decade with higher
proportions of minority populations. Seemingly,
minorities seek to buy in areas with a minority presence
while also seeking neighborhoods with high homeownership
rates. Overall homeownership rates declined in areas
designated by HUD as "underserved" by mortgage lenders.

The full report, "The Distribution of Homeownership Gains
During the 1990s Across Neighborhoods," is available as a
free download at
https://www.huduser.gov/portal/publications/HOMEOWN/DHG1990.html
or in printed form for a nominal charge by calling
1-800-245-2691.

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