Honors Project - Open Access
Grounded in research on urban housing submarkets, this project assesses the spatial dynamics of the Twin Cities housing market leading up to the subprime mortgage crisis and analyzes the neighborhood impact of the resulting rise in foreclosures, particularly on historically marginalized communities. Constructing housing price histories from central core to outermost suburbs for five submarkets in the Twin Cities, this research reveals the uneven geography of housing bubbles and foreclosures across the metro region. Communities with high concentrations of people of color and low-income residents witnessed the greatest levels of housing value appreciation leading up to the housing crash. However, low-income communities of color and renters across the metro region experienced disproportionately higher rates of foreclosure and housing value depreciation than more affluent, white homeowners in the aftermath of the crash.
Avre, Zack, "A Dream Foreclosed: the Uneven Geography of the Foreclosure Crisis in the Twin Cities" (2014). Geography Honors Projects. 41.
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