We document the existence of a racial gap in realized housing returns that is an order of magnitude larger than … disparities arising from housing costs alone, and is driven almost entirely by differences in distressed home sales (i … show that policies that restructure mortgages for distressed minorities can increase housing returns and reduce the racial …

By constraining an individual's choice during a search, housing discrimination distorts sorting decisions away from … constraints imposed by discrimination in the rental housing market. Results from experiments conducted in five cities show that …

Housing is the most important asset for the vast majority of American households and a key driver of racial disparities … in wealth. This paper studies how residential segregation by race eroded black wealth in prewar urban areas. Using a … as the block became majority black. These findings strongly suggest that segregated housing markets cost black families …

We present a three-stage estimation procedure to recover willingness to pay for housing attributes. In the first stage … characteristics using first order conditions for utility maximization. Finally, we estimate the distribution of household tastes as a … function of household demographics. As an application of our methods, we compare alternative explanations for why blacks choose …

This paper measures the housing market impact of state-level anti-discrimination laws in the 1960s using household …-level and census-tract data. State-level fair-housing' laws attempted to bar discrimination on the basis of race, religion, and … national origin in the sale, rental, and financing of housing, and they were the direct antecedents of the federal Fair Housing …

Housing discrimination is illegal. However, paired-tester audit experiments have revealed evidence of discrimination in … systematically excluded from the beneficial effects of healthy neighborhoods. Using data from HUD's most recent Housing … for studies of "neighborhood effects" and confirm an important mechanism underlying observed correlations between race and …

There have been over 80 field experiments on traditional dimensions of discrimination in labor and housing markets … that have sufficient information to correct for this bias. For the housing market studies, the estimated effect of …

This paper uses unique panel data covering over two million repeat-sales housing transactions from four metropolitan … areas to test for the presence of racial price differentials in the housing market. Drawing on the strengths of these data … by buyers of each race. We find that black and Hispanic homebuyers pay premiums of about three percent on average across …

This paper analyzes the impact of high school household income and scholastic ability on post-secondary enrollment in … household income on university enrollment, though there continues to be an effect at the top of the income distribution. We also …

Recent sharp declines in owner-occupied housing prices naturally raise the question of whether something similar will … perform similarly. On the other hand, stronger limits to arbitrage in housing suggest wider swings in prices unrelated to … sectors. The simple correlation between appreciation rates on owner-occupied housing and commercial real estate is nearly 40 …