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Listen to the latest episode of "Marketplace" with Kai Ryssdal. Here

Racial disparities in home appreciation values may perpetuate a homeownership gap

Tracey Samuelson Jul 17, 2019
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A line of new houses in Ontario, California. David McNew/Getty Images

Racial disparities in home appreciation values may perpetuate a homeownership gap

Tracey Samuelson Jul 17, 2019
A line of new houses in Ontario, California. David McNew/Getty Images
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The homeownership rate among African Americans peaked in 2004, according U.S. Census Bureau data. It’s fallen about 17% since then to a record low in the first quarter of 2019 to about 41%.

And according to new research out this week from the Center for American Progress, homes in African American neighborhoods also don’t appreciate at the same rate as those in predominantly white neighborhoods, which may help perpetuate a racial gap in homeownership.

Click on the audio player above to hear the full story.

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