1845.1 Assessment
Research Question (Clear, unambiguous) Home ownership, economic cycles, and racial differences in wealth.  Problem statement could be clearer.  Use of medians obscure.  
Relevant Literature Specific literature references are fine, but could use some sense of where one would go.
Causal Interpretations (clear, all parts defined, mechanisms, controls, plausible) Causal discussion seems to confuse composition of wealth (proportion due to home ownership) with causation of wealth (how do alternate forms of wealth change over time).  The causal statements do not consider how to take into account the different starting points of the racial groups in assessing how well they have done in some specified period.  No consideration of vital controls (e.g. urban renting).
Data (variables, sample, comparison) Survey of Consumer Finances appears reasonable.  Wealth data from 89?  Could be complex to use.
Research Value Okay, but probably easier to show theoretical value than practical.
Overall The starting ideas seem good and worth exploring.