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The recent settlement of immigrant populations into a wider range of geographies and communities across the United States raises new questions about the dynamics of residential segregation and complicates assumptions about how neighborhoods change—or don't—and why. While multiple theories attempt to explain the relationship between race/ethnicity, immigration, and neighborhood change, sociological examinations have been limited by the lack of systematic and frequently collected data. That is, the residential churn of neighborhoods, particularly in the market for rental housing where racial/ethnic minorities and immigrants predominate, often outpaces analysts' ability to gather cross–neighborhood and cross–city data. In this essay we describe how online sources can help answer questions about race/ethnicity, immigration, and neighborhoods by providing large amounts of readily updatable data. An array of platforms designed to provide homeseekers with information about their housing options can also be used by sociologists for making claims about neighborhood change across multiple geographies. We review recent research that uses online data and describe an ongoing study by the authors that examines trends in the settlement patterns of immigrants and the rental housing market across the 50 largest MSAs in the United States. Online data sources can more accurately capture immigration and neighborhood processes, yielding better theories about the impact of immigration on neighborhood change.

Abstract
Housing wealth is the single largest portion of household wealth in most Western societies today, yet little research has examined how individuals make decisions regarding the use of the housing wealth that they possess. In this article, we leverage insights from relational economic sociology to understand how individuals' subjective valuations and other economic judgments are influenced when space in a home is relationally earmarked. Using a series of original vignette experiments and survey tasks in conjunction with qualitative responses, we find that earmarking a room for a close social tie does indeed matter for valuation. Furthermore, we reveal that individual economic judgments are strongly influenced by different relational content associated with relational earmarks compared to a control. Put differently, we systematically show how modifying the constitution of an earmark strengthens or lessens the appropriateness of its match and prompts distinct patterns of economic decision-making. Our analyses extend relational economic sociology to studies of housing while also building intellectual bridges with research on judgment and decision-making (JDM).

AbstractThis article argues that analysts should examine how individuals perceive and construct value in order to understand persistent forms of inequality. Drawing on years of ethnographic observations of real estate professionals and homeseekers across various segments of the housing markets in Houston, TX and New York, NY, this article develops the concepts of value fluidity and value anchoring to describe how valuation occurs and to better theorize how valuation itself reproduces racial–spatial inequality in housing. It shows that consumers' valuation criteria can be quite malleable and highly influenced by intermediaries and experts. At the same time, valuation is patterned in reference to existing hierarchies. The article concludes by arguing for the importance of theorizing valuation through observation of market interactions and by showing why investigations of the housing market must focus on intermediaries.

Although rates of residential racial segregation and home prices are undoubtedly related, the temporal nature of the relationship has rarely been studied. Using fixed effects models in a cross-lagged framework, we examine how prior changes in segregation and home prices at the metro level predict changes in the other. Our findings suggest that increases in home prices predict increasing racial segregation years later, but increases in segregation fail to predict subsequent change in home values. Metros that experience a 1 standard deviation increase in home prices experience an associated 0.25 standard deviation increase in Black-White segregation 10 years later and a 0.18 standard deviation increase 20 years later. No relationship is observed for Hispanic-White segregation. We discuss implications for understanding the economic underpinnings of segregation. Findings also offer insight into future segregation trends and illuminate how changes in the housing market may drive demographic trends more broadly.

Real estate plays an essential part in various sociological theories of political economy, state capacity, racecraft, stratification, and urbanization. However, since foundational insights about the novelty of commodified, emplaced private property from theorists like Du Bois and Polanyi, these disparate threads have not been tied together into a coherent field of study. Here, we review three areas of recent scholarship relevant to understanding real estate—the political economy of place, property rights, and financialization—in order to draw out key insights from each. Overall, the political-economic and socio-legal aspects of real estate have been well-studied, but contemporary research has been limited by its parochialism. We argue that for a sociology of real estate to move forward, it must take a broader, more relational perspective; must become more international; and must confront the climate crisis—and that Polanyi's and Du Bois's contributions can be effectively mobilized toward these ends.

Scholarship on discrimination consistently shows that non–Whites are at a disadvantage in obtaining goods and services relative to Whites. To a lesser extent, recent work has asked whether or not place of residence may also affect individuals' chances in economic markets. In this study, we use a field experiment in an online market for second–hand goods to examine transactional opportunities for White, Black, Asian, and Latino residents of both advantaged and disadvantaged neighborhoods. Our results show that sellers prefer transactional partners who live in advantaged neighborhoods to those who live in neighborhoods that are majority non–White and have higher rates of poverty. This was true across all four racial/ethnic groups, revealing that neighborhood stigma exists independently of racial stigma. We discuss the implications for scholarship on neighborhood effects and we outline how future research using experiments can leverage various types of markets to better specify when characteristics like race trigger discrimination.