Neighborhood Foreclosures, Racial/Ethnic Transitions, and Residential Segregation
We find that the foreclosure crisis was patterned strongly along racial lines:
Foreclosure Crisis Intensified Among Blacks: Study
Racial Segregation and the American Foreclosure Crisis
Although the rise in subprime lending and the ensuing wave of foreclosures was partly a result of market forces that have been well-identified in the literature, in the United States it was also a highly racialized process.
The study pdf , authored by Douglas Massey and Jacob Rugh of Princeton, looks at racially segregated neighborhoods, where the percentage of minorities particularly blacks, Hispanics and Asians is higher than in the country as a whole.
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