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Economic Security and Home Ownership

Economic Security and Home Ownership EDITORIAL James Herbert Williams cholarship on home ownership, savings, and The significant drop in house prices and the decline in interest rates provided great opportunities economic security among economically marginalized populations has grown expo- for home ownership. However, tighter credit and nentially among social work scholars (Elliott, strict lending requirements made home ownership unobtainable for many families because of insuffi- 2013; Lombe & Sherraden, 2008a, 2008b). Although the productivity of research by social cient cash for down payment and closing costs, work scholars continues at a respectable rate, inability to pay down debts to reach loan eligibility, and low credit scores. For many families and indi- much of this work is being conducted in other social sciences. There is an expanding body of liter- viduals, home ownership and creditworthiness rep- ature documenting income, age, race, and ethnicity resent positive well-being and financial security. Research has shown that financial gain and security differences in home ownership, housing quality, savings, and various life course development out- are just a sample of the motives for families’ and comes related to these types of economic security individuals’ aspirations to own a home. There are several social benefits correlated with home owner- (Grinstein-Weiss et http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Social Work Research Oxford University Press

Economic Security and Home Ownership

Williams, James Herbert
Social Work Research , Volume 38 (1) – Mar 25, 2014
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References (16)

Publisher
Oxford University Press
Copyright
2014 National Association of Social Workers
ISSN
1070-5309
eISSN
1545-6838
DOI
10.1093/swr/svu007
Publisher site
See Article on Publisher Site

Abstract

EDITORIAL James Herbert Williams cholarship on home ownership, savings, and The significant drop in house prices and the decline in interest rates provided great opportunities economic security among economically marginalized populations has grown expo- for home ownership. However, tighter credit and nentially among social work scholars (Elliott, strict lending requirements made home ownership unobtainable for many families because of insuffi- 2013; Lombe & Sherraden, 2008a, 2008b). Although the productivity of research by social cient cash for down payment and closing costs, work scholars continues at a respectable rate, inability to pay down debts to reach loan eligibility, and low credit scores. For many families and indi- much of this work is being conducted in other social sciences. There is an expanding body of liter- viduals, home ownership and creditworthiness rep- ature documenting income, age, race, and ethnicity resent positive well-being and financial security. Research has shown that financial gain and security differences in home ownership, housing quality, savings, and various life course development out- are just a sample of the motives for families’ and comes related to these types of economic security individuals’ aspirations to own a home. There are several social benefits correlated with home owner- (Grinstein-Weiss et

Journal

Social Work Research – Oxford University Press

Published: Mar 25, 2014

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