1845	Assessment
Research Question	The research question lacks clarity, particularly because the presentation uses home ownership as a cause and home value as a major component of the outcome.  It seems to ignore the obvious distinction that the groups may differ first in the rates of home ownership and second in the value of homes by those who own.  Readers should not have to figure out what the paper is trying to say.  What role time periods are meant to play in the research is obscure.
Relevant Literature	Plan seems okay.
Causal Interpretations	Difficult to follow.  The proposed research seems to mix compositional effects with others.  E.g., if members of one ethnicity are disproportionately poor, and some economic conditions particularly harm all poor regardless of ethnicity, then the overall effect on the poorer ethnicity will appear greater than that for the more affluent ethnicity.  Thus it can look like an ethnic difference when it really varies by economic status, because the one ethnic group has more poor people.  This is a compositional effect.  Alternatively, the members of one group may be affected more than those of another group who share the same economic standing.  This would be a status group effect (such as discrimination).  The current discussion appears to confuse these.  It also is rather vague about temporal effects, although it implies they are central to the research.
Data	The "racial gap" seems to be a summary estimate, not a created variable - this is confusing.  The data seem reasonable, but the analysis summary suggests taking into account economic cycles without saying how that will be measured.
Research Value	Okay.  Perhaps try to be more specific, saying what this research adds.
Timetable	A bit vague (could use steps), but plausible.
Priorities for Developing a Full Draft	Try to work out the causal model(s) that seem to motivate the research.  For example, try creating a full graphical model with arrows connecting everything of significance, and including a temporal dimension.  Try to be clear who (or what) are the actors - those who do something.  Try to think through the compositional differences that seem relevant (e.g. renters vs. homeowners, urban vs. rural, region, age groups, etc.), including consideration of which compositional characteristics can change over time.  Clarify what time periods will be used, and why.  Try to assemble a list of related questions others have tried to answer and juxtapose it with the questions you might try to answer.
Miscellaneous Notes	The presentation suffers from redundancy and ambiguity.  It should cover the ground in a least one-third less space.