Appendix Table 4.
Correlations between Changes in Demographic Characteristics and Changes in Foreclosure Rates
| (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | (10) | (11) | (12) | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Change in: | White | Black | Hispanic | 0–19 | 20–49 | 50–64 | 65 plus | < HS | High School | Some Coll. | College | Grad. Degree |
| Per capita foreclosure | −10.2725*** (3.2201) |
5.9819*** (2.1734) |
5.4094 (3.9524) |
5.7910* (3.2135) |
5.7791 (5.0040) |
−6.3009*** (2.3748) |
−5.2691*** (1.8848) |
−3.4613* (1.9011) |
−11.2405*** (2.4865) |
2.6315 (2.2724) |
6.3601** (2.7381) |
5.6924*** (1.8798) |
| Constant | 0.2442** (0.1179) |
1.1992*** (0.0668) |
6.0603*** (0.1035) |
−2.3154*** (0.0642) |
−3.1469*** (0.0878) |
4.5199*** (0.0581) |
0.9425*** (0.0703) |
−4.9994*** (0.1214) |
0.7179*** (0.1373) |
−0.6010*** (0.1243) |
3.3909*** (0.1152) |
1.4922*** (0.0861) |
| Observations | 3,094 | 3,094 | 3,094 | 3,094 | 3,094 | 3,094 | 3,094 | 3,106 | 3,106 | 3,106 | 3,106 | 3,106 |
| R-squared | 0.0076 | 0.0082 | 0.0028 | 0.0097 | 0.0056 | 0.0132 | 0.0057 | 0.0008 | 0.0066 | 0.0005 | 0.0033 | 0.0041 |
The table shows coefficients from a regression of changes in the demographic characteristic in the column head, and the change in foreclosure rates between 2005 and 2009. Robust standard errors in parentheses. The estimates indicate that an increase of one foreclosure per capita was associated with a 10.3 percentage point decline in the fraction of white residents and an increase of 6 percentage points in the fraction of black residents.