Housing Equality & Policy
Race & Real Estate
The Price of Racial Bias: Homes in Black Neighborhoods Are Valued at an Average of $46,000 Less Than Similar Homes in White Neighborhoods
Compared with homes in primarily white neighborhoods, homes in primarily Black areas have consistently been valued at tens of thousands of dollars less over the last decade, after accounting for fundamental factors that contribute to home values, like square footage and walkability. The discrepancy is a way to measure the cost to Black families of
Black Homeowners Earned $59,000 in Home Equity in 2020, Compared With $50,000 for White Homeowners
But even with the substantial home-equity uptick, Black Americans who bought in 2019 still have a median of $89,000 in equity, much lower than $113,000 for white Americans. People who bought homes in primarily Black neighborhoods in 2019 gained a median $59,000 in home equity last year, compared with $50,000 for people who bought homes
The Suburbs Have 15% More People of Color Than a Decade Ago Versus 5% More White People, Likely Contributing to Democrats’ 6-Point Suburban Gain in 2020
Home-value growth has accelerated in suburbs and flatlined in cities, and suburban housewives have become more rare. The American suburbs have become more racially and ethnically diverse and more Democratic over the last decade. To understand the changing demographics of the suburbs, we analyzed data from the U.S. Census, along with Redfin’s housing market data
42% of Americans Are Hesitant to Move to a Place Where They’d Be in the Political Minority, Up From 32% in June
The share of people who are hesitant to relocate to an area where they’d be in the racial, ethnic or religious minority also increased—to 28% from 20%—according to a Redfin survey. Forty-two percent of U.S. residents would be hesitant to move to an area where most people have political views different from their own, up
Black Homebuyers Face Steeper Price Increases, Sharper Declines in Homes for Sale than White Homebuyers During the Pandemic
Black homebuyers, who are less likely than their white counterparts to have jobs that can be done remotely, face higher home prices as white homebuyers move to more affordable suburbs.
Milwaukee, San Francisco and Detroit Top the List of Places Where Black Homebuyers Are More Likely to Be Denied a Home Loan
Nationwide, 15.9% of Black Americans who apply for mortgages are rejected, compared with just 7% of white Americans. The gap is even wider in Milwaukee, San Francisco, Detroit and Chicago.
The Price of Racial Bias: Homes in Black Neighborhoods Are Valued at an Average of $46,000 Less Than Similar Homes in White Neighborhoods
Compared with homes in primarily white neighborhoods, homes in primarily Black areas have consistently been valued at tens of thousands of dollars less over the last decade, after accounting for fundamental factors that contribute to home values, like square footage and walkability. The discrepancy is a way to measure the cost to Black families of
Black Homeowners Earned $59,000 in Home Equity in 2020, Compared With $50,000 for White Homeowners
But even with the substantial home-equity uptick, Black Americans who bought in 2019 still have a median of $89,000 in equity, much lower than $113,000 for white Americans. People who bought homes in primarily Black neighborhoods in 2019 gained a median $59,000 in home equity last year, compared with $50,000 for people who bought homes
The Suburbs Have 15% More People of Color Than a Decade Ago Versus 5% More White People, Likely Contributing to Democrats’ 6-Point Suburban Gain in 2020
Home-value growth has accelerated in suburbs and flatlined in cities, and suburban housewives have become more rare. The American suburbs have become more racially and ethnically diverse and more Democratic over the last decade. To understand the changing demographics of the suburbs, we analyzed data from the U.S. Census, along with Redfin’s housing market data
42% of Americans Are Hesitant to Move to a Place Where They’d Be in the Political Minority, Up From 32% in June
The share of people who are hesitant to relocate to an area where they’d be in the racial, ethnic or religious minority also increased—to 28% from 20%—according to a Redfin survey. Forty-two percent of U.S. residents would be hesitant to move to an area where most people have political views different from their own, up
Black Homebuyers Face Steeper Price Increases, Sharper Declines in Homes for Sale than White Homebuyers During the Pandemic
Black homebuyers, who are less likely than their white counterparts to have jobs that can be done remotely, face higher home prices as white homebuyers move to more affordable suburbs.
Milwaukee, San Francisco and Detroit Top the List of Places Where Black Homebuyers Are More Likely to Be Denied a Home Loan
Nationwide, 15.9% of Black Americans who apply for mortgages are rejected, compared with just 7% of white Americans. The gap is even wider in Milwaukee, San Francisco, Detroit and Chicago.