This article examines the characteristics of residents moving into new rail transit neighborhoods using longitudinal, individual-level data from the Housing Mortgage Disclosure Act. To disentangle the role of transit from other neighborhood amenities that may give rise to shifts in the socioeconomic or demographic profile of homebuyers, an exploratory text analysis is first performed on property advertisements in transit-adjacent neighborhoods. This informs the creation of variables for our models that estimate the probability of an applicant applying for a loan by race and income, and highlights where light rail is most prominently advertised as an amenity. We do not find that the announcement of a new light rail line significantly alters the income profile of loan applicants. Rather, proximity to the center city is a more important determinant in attracting higher income applicants. We do find that the announcement of the transit line is significant in explaining changes in the racial profile of applicants. Postannouncement, White applicants are significantly more likely to apply for loans in transit-adjacent neighborhoods, while Blacks are significantly less likely to. As for other amenities, the walkability of a neighborhood is significant in predicting where White applicants are more likely to apply for home purchase loans.

中文翻译：

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谁搬进来？新过境社区购房贷款借款人的纵向分析

本文使用《房屋抵押信息披露法》中的纵向个人数据，研究了搬入新的铁路运输社区的居民的特征。为了区分过境与其他邻里便利设施的作用（可能导致购房者的社会经济或人口状况发生变化），首先对过境邻里的房地产广告进行了探索性文本分析。这为我们的模型创建了变量，该变量通过种族和收入来估算申请人申请贷款的可能性，并突出显示了轻便铁路在便利设施中的广告最为突出。我们发现，宣布新的轻轨线不会显着改变贷款申请人的收入状况。相当，靠近中心城市是吸引更高收入申请人的一个更重要的决定因素。我们确实发现，中转线的公告对于解释申请人种族特征的变化具有重要意义。公告后，白人申请人在过境邻近社区申请贷款的可能性大大提高，而黑人则不太可能。至于其他便利设施，社区的步行能力对于预测白人申请人在何处更有可能申请购房贷款具有重要意义。而黑人的可能性要小得多。至于其他便利设施，社区的步行能力对于预测白人申请人在何处更有可能申请购房贷款具有重要意义。而黑人的可能性要小得多。至于其他便利设施，社区的步行能力对于预测白人申请人在何处更有可能申请购房贷款具有重要意义。