U.S. Homeownership riskier for many African-Americans, says Rice study -

July 23, 2014
Based on a new study from sociologists at Rice University and Cornell University found that while historical barriers that excluded Black America from the homeowner market for decades have crumbled, there are new signs that emerging types of racial inequality are making homeownership an increasingly risky investment for African-American home seekers.
     The reason: African-Americans are now 45 percent more likely than whites to switch from owning their homes to renting them.
     The study, "Emerging Forms of Racial Inequality in Homeownership Exit, 1968-2009," examines racial inequality in transitions out of homeownership over the last four decades. The authors used longitudinal household data from the Panel Study of Income Dynamics for the period 1968 to 2009, with a study sample of 6,994 non-Hispanic whites and 3,158 black homeowners.