Title: Racial Differences in Housing Inheritance
Thursday, November 16th, 2017
In response to reports of the widening wealth gap (Asante-Muhammad et al., 2016), the purpose of this research is to determine whether the racial divide in wealth is impacted by intergenerational wealth transfer via residential real estate, home-buying down payment assistance, and heir property. To achieve this goal, secondary data is used to investigate the intertwining nature of race and inheritance as predictors of wealth accumulation. The central theme is that policy measures to encourage homeownership and/or provide down payment assistance may be necessary as an intervention into the racial wealth gap.