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Black Americans are far more likely to be denied a mortgage

Heard on:
A house for sale in Seattle.

A house for sale in Seattle. Black homeownership rose slightly in 2019, but mortgage denial rates were still much higher — 16% for Black applicants compared to 7% for white borrowers. Stephen Brashear/Getty Images for Redfin

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Segments From this episode

Race and Economy

Black applicants are more likely to be denied mortgages, study finds

by Amy Scott Jun 26, 2020
And that's one reason for the persistent homeownership gap.

People still leaving California for Texas despite COVID-19 surge

by Andy Uhler Jun 26, 2020
The reasons for relocation include the lower cost of living, bigger houses for less money and more conservative politics.

More advertisers are joining the Facebook boycott

by Kristin Schwab Jun 26, 2020
A number of civil rights groups are calling on companies to press pause on Facebook and Instagram advertising.
COVID-19

Consumer spending rises — for now

by Justin Ho Jun 26, 2020
An 8% uptick in May follows a 20% drop over March and April. That's the good news. There are plenty of potential economic blows on the horizon.

Music from the episode

Blow Beyoncé
C.R.E.A.M. Wu-Tang Clan
Drive Incubus
Pick Up Bonobo
1 Thing Amerie

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