Housing Equality & Policy
Race & Real Estate
The Price of Opportunity: Homes Cost 38% More in Neighborhoods That Offer the Best Shot at Upward Mobility
The typical home purchased in high-opportunity U.S. neighborhoods went for $470,000 last year—$130,000 more than the typical home in low-opportunity areas. The price premium for opportunity is highest in segregated parts of the Midwest and South; in Detroit, homes in high-opportunity areas are nearly four times more expensive than those in low-opportunity areas. High-opportunity neighborhoods
There Were Half as Many Affordable Homes for Sale in 2022 as There Were in 2021
1 in 5 home listings was affordable for the typical U.S. household, down from 2 in 5 in 2021. White households had three times as many affordable options as Black households. Can’t find a home you can afford? It’s not just you. Roughly one in five (21%) U.S. homes for sale in 2022 was affordable
Three Reasons To Be Optimistic About Black Real Estate Wealth
Black real estate wealth hit a record high in 2021– here is why I am hopeful it will continue to rise during this decade Black real estate wealth–the total value of homes owned by Black people in America–rose 28.9% year over year to a record high of $2.2 trillion in the third quarter of 2021,
2 in 5 Real Estate Agents Say Pocket Listings Are Becoming More Common
Pocket listings—homes sold without being marketed publicly—have become more common since 2019, according to a survey of agents. 2.3% of homes listed in the third quarter were marked sold or pending the same day they were listed—an indicator of a potential pocket listing. That’s up from 1.5% two years earlier. Metro areas in Florida and
Hispanic Homeowners More Likely to Receive Financial Help Buying a Home: Redfin Survey
More than half of Hispanic homeowners have lived with family without paying rent to help make housing payments, versus 38% of white homeowners. That familial support is one reason for the rising Hispanic homeownership rate. Hispanic homeowners in the U.S. are more likely than people of other races or ethnicities to receive financial help making
Black Americans Face Bigger Financial Barriers to Homeownership Than White Americans: Redfin Survey
23% of white homeowners report making no financial sacrifices to buy their first home, versus 14% of Black homeowners. The fact that Black Americans are more likely to face hurdles when purchasing a home is one reason for the substantial racial homeownership gap in the U.S. The homebuying process is “absolutely different for a person
The Price of Opportunity: Homes Cost 38% More in Neighborhoods That Offer the Best Shot at Upward Mobility
The typical home purchased in high-opportunity U.S. neighborhoods went for $470,000 last year—$130,000 more than the typical home in low-opportunity areas. The price premium for opportunity is highest in segregated parts of the Midwest and South; in Detroit, homes in high-opportunity areas are nearly four times more expensive than those in low-opportunity areas. High-opportunity neighborhoods
There Were Half as Many Affordable Homes for Sale in 2022 as There Were in 2021
1 in 5 home listings was affordable for the typical U.S. household, down from 2 in 5 in 2021. White households had three times as many affordable options as Black households. Can’t find a home you can afford? It’s not just you. Roughly one in five (21%) U.S. homes for sale in 2022 was affordable
Three Reasons To Be Optimistic About Black Real Estate Wealth
Black real estate wealth hit a record high in 2021– here is why I am hopeful it will continue to rise during this decade Black real estate wealth–the total value of homes owned by Black people in America–rose 28.9% year over year to a record high of $2.2 trillion in the third quarter of 2021,
2 in 5 Real Estate Agents Say Pocket Listings Are Becoming More Common
Pocket listings—homes sold without being marketed publicly—have become more common since 2019, according to a survey of agents. 2.3% of homes listed in the third quarter were marked sold or pending the same day they were listed—an indicator of a potential pocket listing. That’s up from 1.5% two years earlier. Metro areas in Florida and
Hispanic Homeowners More Likely to Receive Financial Help Buying a Home: Redfin Survey
More than half of Hispanic homeowners have lived with family without paying rent to help make housing payments, versus 38% of white homeowners. That familial support is one reason for the rising Hispanic homeownership rate. Hispanic homeowners in the U.S. are more likely than people of other races or ethnicities to receive financial help making
Black Americans Face Bigger Financial Barriers to Homeownership Than White Americans: Redfin Survey
23% of white homeowners report making no financial sacrifices to buy their first home, versus 14% of Black homeowners. The fact that Black Americans are more likely to face hurdles when purchasing a home is one reason for the substantial racial homeownership gap in the U.S. The homebuying process is “absolutely different for a person