Why Housing Choice Voucher Availability & Value Don’t Match Demand or Market Growth
A chronic shortage of federal Housing Choice Vouchers is putting renter households already hard-hit by the pandemic in an even more vulnerable position.
Policy & Industry
A Raise Will Help Minimum Wage-Earning Renters, But Their Burden Remains Very High
In 37 of 45 large metro areas analyzed, an increase in minimum wages will lower rent burdens for minimum-wage-earners by at least 1 percentage point.
Home Value Disparities Between Races Are Shrinking, but Remain Very Wide
The typical home owned by Black and Latinx homeowners is 16.2% and 10.2% less valuable, respectively, than the typical U.S. home overall.
What Moved Us: Stories that Shaped the Year in Real Estate
Home became more important than ever in 2020. Kitchen tables became classroom desks, basements turned into offices and backyards became sanctuaries.
In all of the nation’s 50 largest metro areas, block groups that are at least 90% single-family, detached houses are whiter than the metro as a whole.
Black Applicants Are Far More Likely to be Denied a Mortgage
Despite recent growth in Black homeownership rates, Black homeowners still face disproportionate challenges when trying to secure their dream home.
Renter Households Stand to be Hardest-Hit by Unemployment Insurance Expiration
Renter households will be hardest hit by expiring unemployment insurance while Black households likely to shoulder disproportionate burden
LGBTQ+ Buyers & Renters Face More Challenges, Costs when Searching for a Home
Many of the housing challenges faced by LGBTQ+ households in general are even more extreme for LGBTQ+ home buyers and renters of color.
LGBT Home Buyers May Be Priced Out of Areas With Legal Protections From Discrimination
The typical cost of buying a home in areas with explicit legal protections for the LGBT community is $328,575, ~63% more than areas with no protections.
Newly Unemployed Service Workers Owe More Than $1.7 Billion in Monthly Housing Payments
More than 25% of the total housing payments due from U.S. food service workers is owed by those who are newly unemployed during the coronavirus pandemic.
