1. The American Foreclosure Crisis, Racial/Ethnic Transitions, and Residential Segregation.
- Author
-
Hall, Matthew, Crowder, Kyle, and Spring, Amy
- Abstract
In this paper, we use unique data on virtually all foreclosure events between 2008 and 2009 to assess the impact of housing foreclosures on neighborhood racial/ethnic change and on broader patterns of racial residential segregation. We find that the foreclosure crisis was patterned strongly along racial lines with minority neighborhoods having much higher foreclosure rates than white neighborhoods. Model of racial/ethnic change reveal that foreclosure concentrations were linked to declining shares of whites and expanding shares of black and Latino residents. Results further suggest that these compositional shifts were driven by both white population loss and minority growth, but especially by white out-migration from racially-mixed settings. To explore the impact of these racially-selective migration streams on patterns of residential segregation, we predict racial/ethnic populations in 2010 assuming no foreclosures and simulate dissimilarity for blacks and Latinos. Our simulations suggest that the foreclosure crisis had the effect of increasing racial segregation between both blacks and whites, and Latinos and whites. [ABSTRACT FROM AUTHOR]
- Published
- 2014