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- W2393350304 abstract "During the so-called ‘Great Recession’ of 2007-2010, over four million homes in the U.S.were lost to foreclosure, many of these being the result of subprime lending. Research onsubprime lending has emphasized the role of race and income in shaping the geography offoreclosure in large cities but no research has focused on smaller cities in the urban hierarchy.This study focuses on the context of a smaller city and employs several interrelated methods ofspatial analysis, including global and local Moran’s I, geographically weighted regression, andthe location quotient, to investigate the relationships between foreclosure, race, and income inMuncie during a period of global economic crisis. The findings suggest that race and incomewere less important in Muncie than in other larger cities. This difference may have been theresult of other factors unique to Muncie such as the loss of industry in a factory town or to theextent that large national lenders implicated in subprime lending were engaged in lending in asmall city." @default.
- W2393350304 created "2016-06-24" @default.
- W2393350304 creator A5024313772 @default.
- W2393350304 date "2016-05-07" @default.
- W2393350304 modified "2023-09-26" @default.
- W2393350304 title "Crisis in a small American city : a spatial analysis of race, subprime lending and foreclosure in Muncie, IN" @default.
- W2393350304 hasPublicationYear "2016" @default.
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