Research
Like the real estate industry, the Center for Real Estate Studies' research agenda is always evolving.
To Err Is Automated: Have Technological Advances in the Mortgage Market Increased Opportunities for Black Homeownership?
Journal of the Center for Policy Analysis and Research, Vol. 2024, 34-47
January 2, 2024
In this paper, we examine the effects of redlining on automated home valuations (AVMS) and prices paid by homebuyers in predominately Black neighborhoods.
Harnessing Artificial Intelligence for Equity in Mortgage Finance
November 6, 2023
AI can transform the mortgage industry by boosting efficiency and reducing bias—but it also risks perpetuating racial inequities if not properly implemented.
Trust Me, I'm a Bank: What We Know and Don't Know about Trust, Banking Relationships, and Access to Financial Services
October 12, 2023
Public mistrust of banks is widespread. According to an April 2023 survey by Gallup, nearly 50% of people are worried about the safety of their money in banks.
Algorithms for All: Can AI in the Mortgage Market Expand Access to Homeownership?
October 11, 2023
Artificial intelligence (AI) is transforming the mortgage market at every stage of the value chain.
I’m Only Human? The Role of Racial Stereotypes, Humanness, and Satisfaction in [Home Rental] Transactions with Anthropomorphic Sales Bots
Journal of the Association for Consumer Research, 8(1), 47-58
January 11, 2023
In this research, we examine whether race, as a proxy for culture, matters when consumers interact with AI agents in the context of home rentals.
Algorithms for All: Has Digitalization in the Mortgage Market Expanded Access to Homeownership?
June 2, 2022
This paper explores how the mortgage industry can use digitalization to address systemic barriers to homeownership for historically marginalized communities.
Be Careful What You Ask For: The Economic Impact of Changing the Structure of Real Estate Agent Fees
May 11, 2022
This simple economic model to illustrate how changing the current compensation structure could affect potential buyers’ ability to qualify for a mortgage.
How People-Based Special Purpose Credit Programs Can Reduce the Racial Homeownership Gap
April 22, 2022
People-based SPCPs may better close the Black–white homeownership gap by allowing lenders to target programs specifically to Black borrowers.
Homeward Bound: Removing Barriers to Mortgage Credit for Black Homebuyers
October 1, 2021
We examine key barriers to homeownership and propose solutions to expand access, reduce costs, and accelerate equity building for Black households.
Tipping the SCALE: Will Alternative Data Promote or Impede Fair Lending Goals?
April 1, 2021
This paper examines how alternative credit risk models could advance—or hinder—fair housing goals and expand homeownership, especially for Black Americans.
