Acolin, Arthur; Ramiller, Alex; Walter, Rebecca J; Thompson, Samantha; Wang, Ruoniu. (2021). Transitioning to Homeownership: Asset Building for Low- and Moderate-Income Households. Housing Policy Debate, 31(6), 1032 – 1049.
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Abstract
This article assesses the asset building of households that take part in shared-equity homeownership (SEH) models. The contribution of this article is a comparison of outcomes for households participating in shared-equity programs with other low- and moderate-income households who rent or own properties without restrictions on appreciation. We matched participants in SEH programs to households with similar characteristics from the Panel Study of Income Dynamics (PSID) over the 1997-2017 period. The findings indicate that in real terms, median SEH homeowners accumulated about $1,700 in housing wealth annually or around $10,000 during their holding period. This amount is lower than the $2,100 median annual gain in home equity experienced by similar PSID owners but statistically and economically significantly larger than the $16 in annual gain experienced by similar PSID renters. The findings provide evidence that households participating in SEH programs experienced positive, but modest, wealth gains that were slightly lower than those of homeowners in unrestricted units but substantially higher than those of renters.
Keywords
Appreciation; Households; Property; Wealth; Income; Housing; Dynamic Tests; Home Ownership; Assets; Tenants; Equity; Owners
Costa, Ana; Sass, Victoria; Kennedy, Ian; Roy, Roshni; Walter, Rebecca J.; Acolin, Arthur; Crowder, Kyle; Hess, Chris; Ramiller, Alex; Chasins, Sarah. (2021). Toward a Cross-Platform Framework: Assessing the Comprehensiveness of Online Rental Listings. Cityscape, 23(2), 327 – 339.
Abstract
Research on rental housing markets in the United States has traditionally relied on national or local housing surveys. Those sources lack temporal and spatial specificity, limiting their use for tracking short-term changes in local markets. As rental housing ads have transitioned to digital spaces, a growing body of literature has utilized web scraping to analyze listing practices and variations in rental market dynamics. Those studies have primarily relied on one platform, Craigslist, as a source of data. Despite Craigslist's popularity, the authors contend that rental listings from various websites, rather than from individual ones, provide a more comprehensive picture. Using a mixed-methods approach to study listings across various platforms in five metropolitan areas, this article demonstrates considerable variation in both the types of rental units advertised and the features provided across those platforms. The article begins with an account of the birth and consolidation of online rental platforms and emergent characteristics of several selected websites, including the criteria for posting, search parameters, search results priority, and first-page search results. Visualizations are used to compare features such as the 40th percentile of rent, rent distribution, and bedroom size based on scraped data from six online platforms (Padmapper, Forrent.com , Trulia, Zillow, Craigslist, and GoSection8), 2020 Fair Market Rents, and 2019 American Community Survey data. The analyses indicate that online listing platforms target different audiences and offer distinct information on units within those market segments, resulting in markedly different estimates of local rental costs and unit size distribution depending on the platform.
Hess, Chris; Acolin, Arthur; Walter, Rebecca; Kennedy, Ian; Chasins, Sarah; Crowder, Kyle. (2021). Searching for Housing in the Digital Age: Neighborhood Representation on Internet Rental Housing Platforms across Space, Platform, and Metropolitan Segregation. Environment And Planning A-economy And Space, 53(8), 2012 – 2032.
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Abstract
Understanding residential mobility, housing affordability, and the geography of neighborhood advantage and disadvantage relies on robust information about housing search processes and housing markets. Existing data about housing markets, especially rental markets, suffer from accuracy issues and a lack of temporal and geographic flexibility. Data collected from online rental platforms that are commonly used can help address these issues and hold considerable promise for better understanding the full distribution of available rental homes. However, realizing this promise requires a careful assessment of potential sources of bias as online rental listing platforms may perpetuate inequalities similar to those found in physical spaces. This paper approaches the production of rental advertisements as a social process driven by both contextual and property level factors. We compare data from two online platforms for the 100 most populated metropolitan areas in the United States to explore inequality in digital rental listing spaces and understand what characteristics are associated with over and underrepresentation of advertisements in certain areas. We find similar associations for socioeconomic measures between platforms and across urban and suburban parts of these metropolitan areas. In contrast, the importance of racial and ethnic composition, as well as broader patterns of segregation, for online representation differs substantially across space and platform. This analysis informs our understanding of how online platforms affect housing search dynamics through their biases and segmentation, and highlights the potential and limits in using the data available on these platforms to produce small area rental estimates.
Keywords
Fair Market Rents; Cities; Opportunity; Residential Mobility; Online Rental Listings; Rental Housing Markets; Housing Search; Inequality
Launching the Inspire Fund: An early step for CBE’s Office of Research “For a small college, CBE has a broad range of research paradigms, from history and arts, to social science and engineering.” — Carrie Sturts Dossick, Associate Dean of Research Upon taking on the role of Associate Dean of Research, Carrie Sturts Dossick, professor in the Department of Construction Management, undertook listening sessions to learn about the research needs of faculty, staff and students across the College of Built…
The Population Health Initiative has announced the award of 11 Tier 1 pilot grants for the spring quarter of 2022. The grants are intended to encourage the development of new interdisciplinary collaborations among investigators – and with community-based partners – for projects that address critical challenges to population health. One of the funded projects, “Residential Segregation and Pediatric Injury and Violence in Seattle, Spokane, and Tacoma” includes Rebecca Walter, Windermere Endowed Chair and Associate Professor, Runstad Department of Real Estate….
The Population Health Initiative has announced the award of eight Tier 2 pilot grants, which are intended to encourage the development of new interdisciplinary collaborations among investigators – and with community-based partners – for projects that address critical challenges to population health. One of the funded projects, “Assessing National Public Housing Authority Disaster Preparedness, Response and Recovery of Place-based Subsidized Housing Units,” includes Rebecca Walter, Windermere Endowed Chair and Associate Professor, Runstad Department of Real Estate. Walter serves as a…
In 2021 the College of Built Environments launched the CBE Inspire Fund, designed to support CBE research activities for which a relatively small amount of support can be transformative. The second year of awards have just been announced, supporting five projects across 4 departments within the college as they address topics such as food sovereignty, anti-displacement, affordable housing, and health & wellbeing. This year’s awardees include: Defining the New Diaspora: Where Seattle’s Black Church Congregants Are Moving and Why Rachel…
The Urban Design & Planning Interdisciplinary Ph.D. at the University of Washington is one of 39 Ph.D. programs in urban and regional planning in North America, and one of the oldest, founded in 1967.
This program brings together faculty from disciplines ranging from Architecture to Sociology to focus on the interdisciplinary study of urban problems and interventions. Covering scales from neighborhoods to metropolitan areas, the program addresses interrelationships between the physical environment, the built environment, and the social, economic, and political institutions and processes that shape urban areas. The breadth of this program permits students to pursue doctoral studies in the various aspects of urban design and planning as well as in a number of related social science, natural resource, and engineering areas.
The Program seeks to prepare scholars who can advance the state of research, practice, and education related to the built environment and its relationship to society and nature in metropolitan regions throughout the world. The program provides a strong interdisciplinary educational experience that draws on the resources of the entire University, and on the laboratory provided by the Seattle metropolitan region and the Pacific Northwest. The program emphasizes the educational values of interdisciplinarity, intellectual leadership and integrity, and the social values of equity, democracy and sustainability. It seeks to promote deeper understanding of the ways in which public decisions shape and are shaped by the urban physical, social, economic, and natural environment. The program envisions its graduates becoming leaders in the international community of researchers, practitioners and educators who focus on improving the quality of life and environment in metropolitan regions.
Rebecca J. Walter is an Associate Professor and Windermere Endowed Chair in the Runstad Department of Real Estate in the College of Built Environments at the University of Washington. Dr. Walter’s research is focused on policy innovation in low-income housing. She emphasizes a spatial analytical approach to examine how housing policies either expand opportunity or perpetuate inequality for low-income households. Most of her work is applied as it involves direct engagement with public housing authorities and non-profit housing providers. Dr. Walter also collaborates with criminologists to study spatial-temporal crime patterns across various types of land uses, housing developments, and commercial real estate. She examines real estate and urban planning variables (e.g., private investment, community and economic development initiatives, vacant lots, business activity) and changes in crime over time at the micro-scale (properties and street segments) to help inform policies that support the greatest crime reduction benefits.