Black homeownership rates have been slow to recover from the great recession and the gap between whites and blacks in home ownership is bigger today than it was in the 1980s.
"Forty-three percent of blacks owned homes in 2017, according to an annual report from the Joint Center for Housing Studies of Harvard University," Jonnelle Marte writes for the Washington Post. That's a lot lower than the 72 percent home ownership rate for whites.
"The gap persists even as African Americans have experienced other major financial gains since the downturn," Marte writes. Black unemployment is down to 5.9% nationwide, but, while many have been able to find work after the 2008 downturn, the effects of that period still linger for a population that was more likely to have been foreclosed on or to have lost their employment.
In 1968 after the passage of the Fair Housing Act, the percentage of African American families who owned a house rose, closing some of the gap between black and white home ownership, but those gains have been wiped out. The current gap is bigger today than it was 30 years ago.
FULL STORY: ‘We haven’t made any progress’: Black homeownership is stuck near 30-year lows
Black Home Ownership Rates in Seattle's King County Continue to Shrink
King County, Washington was once home to a large number of black homeowners, today the county lags far behind the rest of the country.
When Large Corporations Buy Homes and Become Landlords
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Hey, Young People! Stay in Your Parents’ House Forever!
A new voice in the unending chorus of complaints about Millennials, the Wall Street Journal reports that Millennials should be blamed for wanting to live in places that are popular to live in, and implies they should spend more time driving.
Alabama: Trump Terminates Settlements for Black Communities Harmed By Raw Sewage
Trump deemed the landmark civil rights agreement “illegal DEI and environmental justice policy.”
Study: Maui’s Plan to Convert Vacation Rentals to Long-Term Housing Could Cause Nearly $1 Billion Economic Loss
The plan would reduce visitor accommodation by 25% resulting in 1,900 jobs lost.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Restoring Northern India’s Himalayan ‘Water Temples’
Thousands of centuries-old buildings protect the region’s natural springs and serve as community wells and gathering places.
Milwaukee to Double Bike Share Stations
Bublr Bikes, one of the nation’s most successful, will add 500 new e-bikes to its system.
DC Extends Application Window for Outdoor Dining Permits
District restaurants will have until the end of November to apply, but businesses with permits in rush hour parking lanes must end operations on July 31.
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