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Prof. Robert Scott standing on porch of Great Hall, wearing suit and tie

Prof. Scott Publishes on the Evolution of Redlining in U.S. Housing Market

Robert H. Scott III, Ph.D. professor in the Department of Economics, Finance, and Real Estate and Arthur and Dorothy Greenbaum/Robert Ferguson/NJAR Endowed Chair in Real Estate Policy, recently published an article in the Journal of Economic Issues, Vol. 58, Issue 2 (Taylor & Francis Online, 2024).

Scott’s article, “The Evolution of Redlining in the United States Housing Market,” explores the lasting effects of redlining in the United States on wealth creation and economic opportunity. Though illegal since the 70s, redlining—which is the practice of discrimination in the homebuying and lending market that has resulted in significant housing inequality—has not disappeared, but evolved. The article seeks to understand the history, consequences, and solutions to modern redlining that can generate greater housing equality in the United States. 

By analyzing the latest Federal Reserve Bank’s Survey of Consumer Finances (2023) data, Scott offers public policy solutions for creating a more financially stable and equitable housing market.