Kris Marsh on minorities and the housing market
Single women less likely to default on mortgages, more likely to be of minority status
A study recently published by the Urban Institute found that while single women, on average, pay more for mortgages, and are more likely to be sold sub-prime loans, they are less likely to default on payments compared to single men. Furthermore, single women are more likely to be part of a racial minority, and own low-income housing.
Faculty associate Kris Marsh comments on this disparity in the housing market and urges a need to consider both race and marital status when evaluating this market,
"There still remains a hierarchy in the housing market, one that advantages whites, married or partnered couples, and men, we need to consider different or additional rubrics to decide home loans and interest rates.”