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
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
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
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
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
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
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
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
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
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%
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.
