Neighborhoods that were redlined have gained $212,000 less home equity since the 1980s, according to a new study from Redfin released June 11. Redlining was formally outlawed in the 1960s, but the New Deal-era lending practice is still having a lasting impact on the rate of Black homeownership and Black wealth in the United States. […]
DOJ Alleges Discrimination by City of Hesperia
The U.S. Department of Justice is suing the city of Hesperia, alleging it discriminated against black and Latino renters. The lawsuit announced last week takes aim at a city ordinance that required landlords to evict tenants who had allegedly committed crimes on or near their property, but encompassed entire families, including children, for alleged criminal […]
Homeless Crisis: From Black Suburb to Streets
Pacoima is one of the few Los Angeles suburbs that offered the American dream of home ownership to African Americans who had been locked out of other neighborhoods by racial covenants. But the 1990s brought deindustrialization, the crack cocaine epidemic and mass incarceration. With the advent of fair housing laws, some black people moved to other […]
Housing Affordability Driving African-American Population
Forbes An estimated 6 million blacks headed north and west to cities such as New York, Los Angeles, Chicago and St. Louis in the early 20th century. But now the tide is reversing, with the African-American population dropping in the latter three over the past six years. In some cases it’s clear that blacks are […]
Jan. 29 – CVAR At A Glance
Featured Classes and Events Register now for one of the most exciting events for real estate professionals–still only $19! READ MORE Jan. 29 | CRMLS Training – CVAR West Jan. 29 | Impact of New Tax Law Jan. 30 | Inman New York Takeaways Lunch & Learn Jan. 31 | Understanding FHA Lunch & Learn – […]