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Title: Learning to Achieve the American Dream: Education's Impact on Homeownership

Citation Type: Miscellaneous

Publication Year: 2017

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Abstract: Homeownership continues to be the foundation of the pursuit of the American Dream. It is a critical driver of economic mobility, delivering financial and social advantages to families and entire communities. In this era of economic, technological, and societal change, understanding the state of homeownership today and what trends will influence homeownership in the future can help inform the discussions necessary to preserve homeownership opportunities for the next generation. There are many characteristics that influence the likelihood someone is a homeowner. When analyzing the homeownership rate, it’s important to understand why these characteristics matter to the tenure choice decision. In this case study, we develop a model that allows us to look specifically at the importance of education to the attainment of homeownership and the American Dream.

Url: http://www.centralvalleybusinesstimes.com/links/Journal_Homeownership_2017.pdf#page=20

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Authors: Fleming, Mark

Publisher: Center for California Real Estate

Data Collections: IPUMS CPS

Topics: Education, Housing and Segregation

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