Homes in Black Neighborhoods Twice as Likely to be Underwater as Homes in White Neighborhoods
Nationwide and in a number of large metro markets, the negative equity rate in largely black communities is double or more the rate in majority white communities. The disparities reflect the wide gulf that exists between white America and communities of color and their very different experiences throughout the housing boom, bust and recovery.
Getting a Mortgage Was Easier Overall in 2015, But Remains More Challenging for Minorities
Newly released mortgage application, approval and denial data from the Home Mortgage Disclosure Act show that getting a mortgage continued to get somewhat easier in recent years, a boon to buyers otherwise concerned with fast-moving inventory and intense competition. But despite improvement overall, there remain stark differences in mortgage denial rates and the ease of getting a mortgage between whites and minorities.
What the Homeownership Rate Really Tells Us About U.S. Housing
A hard half-decade after the bottom of the housing bust, several fundamentals of the U.S. housing market point to a recovery that is nearly complete: Home values in many markets are near or even above pre-recession levels, demand for homes is high and sales are up. But one key piece is missing. The U.S. homeownership rate – at all-time highs just a decade ago – remains stuck today at a 50-year low.
All Ages Welcome: Why Living Alone Isn’t Just for America’s Young and Old Anymore
After increasing steadily for decades, the share of Americans living alone has been essentially stable over the past five years or so, and has only recently begun to tick up again.
Young and Old, America’s Wealthy Are Concentrated in America’s Capital
The nation’s highest concentration of young and wealthy residents can be found in fabulous… Arlington, Virginia.
The Evolving American Household: Growth in Multigenerational Living
A growing share of American households have three or more generations of the same family living under the same roof.
Revisiting Mortgage Lending in Detroit: New Insights From HMDA
Detroit’s housing market is – slowly, seemingly perpetually – “getting there,” recovering in fits and starts and unevenly throughout the roughly 150-square-mile city that is home to more than 600,000 residents.
Small Victories: Mortgage Denials for Blacks, Hispanics Less Frequent in 2014
Denial rates for primary mortgage applications were down across the board last year compared to 2013, particularly for black and Hispanic borrowers, according to the most recent data released under the Home Mortgage Disclosure Act (HMDA).
