Update on Homeownership Wealth Trajectories Through the Housing Boom and Bust - Blog Share

The housing crisis and ensuing Great Recession of the late 2000s resulted in millions of homeowners losing their homes to foreclosure and millions more losing substantial amounts of housing wealth as home prices plummeted. These substantial financial losses have raised important questions about the appropriateness of policies to encourage homeownership as a wealth building strategy for low-income and minority households. To study this issue, in 2013 the Joint Center published a paper entitled “Is Homeownership Still an Effective Means of Building Wealth for Low-income and Minority Households? (Was it Ever?)” as part of a 2013 symposium held to reexamine the goals of homeownership and explore lessons learned from the housing crisis.

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