Presented By: Department of Economics
Understanding Sorting in Modern Housing Markets
Marcus Casey, University of Illinois Chicago
This paper explores how the changing role of sorting by race in driving neighborhood change. Building on prior research focused on localized incumbent responses to localized changes in the racial composition of nearby neighbors, we explore how such micro-level sorting behavior may inform understanding of broader neighborhood transitions and heterogeneity across cities. Evidence suggests that local context, density, and housing-market conditions generate important heterogeneity across place.