Black Homeowners Saw Greater Home Price Appreciation Than Whites in Some Areas
“Black homeownership rates are in free-fall. All homeownership rates have declined steadily since 2004, and they’re now hovering at their lowest levels since the mid-1990s. But black homeowners, targeted disproportionately by subprime lenders during the housing bubble, suffered tremendous losses in the subsequent foreclosure crisis. Today, African-American homeownership rates are at their lowest levels in 50 years—since before the passage of the Fair Housing Act in 1968.”