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Homeownership, a primary component of household wealth, confers benefits not just in terms of the value of home equity itself, but also the tax benefits and inflation protection associated with owning property. The 1990s represented a booming time in the economy and record low interest rates which allowed homeownership to become more available to more people than ever. As a result, the US housing market experienced significant growth and home values began to soar in part due to rising incomes. However, this period of rapid expansion in the housing market was followed by a rapid decline, precipitated by the recession, as home values began to plummet and foreclosures steadily increased. This study examines the impact that recent macroeconomic fluctuations had on the likelihood of homeownership for African American women compared to their white counterparts. Using data from the American Housing Survey (1997–2009), this tenure spatial analysis used a logistic regression model to examine the odds in favor of homeownership during economic fluctuations along with taking into consideration other important determinants. The empirical results show that there are significant differences in the likelihood of homeownership between African American women and white females.

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