Neighborhood Foreclosures, Racial/Ethnic Transitions, and Residential Segregation

In this article, we use data on virtually all foreclosure events between 2005 and 2009 to calculate neighborhood foreclosure rates for nearly all block groups in the United States to assess the impact of housing foreclosures on neighborhood racial/ethnic change and on broader patterns of racial resi...

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Bibliographic Details
Published in:American sociological review 2015-06, Vol.80 (3), p.526-549
Main Authors: Hall, Matthew, Crowder, Kyle, Spring, Amy
Format: Article
Language:English
Subjects:
Black people
Crises
Ethnic minorities
Ethnic neighborhoods
Ethnicity
Foreclosure
Foreclosures
Ghettos
Hispanic Americans
Hispanics
Housing
Loans
Metropolitan areas
Migration
Minority & ethnic groups
Mortgage loans
Neighborhoods
Neighbourhoods
Population dynamics
Population growth
Racial Segregation
Racism
Residential Patterns
Residential Segregation
Residents
Segregation
Simulation
Social change
U.S.A
United States of America
White people
Whites
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Summary:In this article, we use data on virtually all foreclosure events between 2005 and 2009 to calculate neighborhood foreclosure rates for nearly all block groups in the United States to assess the impact of housing foreclosures on neighborhood racial/ethnic change and on broader patterns of racial residential segregation. We find that the foreclosure crisis was patterned strongly along racial lines: black, Latino, and racially integrated neighborhoods had exceptionally high foreclosure rates. Multilevel models of racial/ethnic change reveal that foreclosure concentrations were linked to declining shares of whites and expanding shares of black and Latino residents. Results further suggest that these compositional shifts were driven by both white population loss and minority growth, especially from racially mixed settings with high foreclosure rates. To explore the impact of these racially selective migration streams on patterns of residential segregation, we simulate racial segregation assuming that foreclosure rates remained at their 2005 levels throughout the crisis period. Our simulations suggest that the foreclosure crisis increased racial segregation between blacks and whites by 1.1 dissimilarity points, and between Latinos and whites by 2.2 dissimilarity points.
ISSN:0003-1224
1939-8271
DOI:10.1177/0003122415581334