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April 20, 2021
Compared with homes in primarily white neighborhoods, homes in primarily Black areas have consistently been undervalued by tens of thousands of dollars over the last decade, after accounting for fundamental factors that contribute to home values, like square footage and walkability. The discrepancy is a way to measure the cost to Black families of racist …
The Price of Racial Bias: Homes in Black Neighborhoods Are Undervalued by an Average of $46,000
April 14, 2021
Plus, nearly two-thirds of U.S. homeowners have spent money to protect their homes against climate risks, with over one-third investing $5,000 or more. Extreme temperatures and flooding are among the top concerns. One in five Americans (21%) believes the increasing frequency or intensity of natural disasters, extreme temperatures and/or rising sea levels are hurting home …
1 in 5 Americans Believes Climate Change Is Hurting Home Values In Their Area: Survey
April 5, 2021
Rising sea levels played a role for about one-third of people who plan to move in the next year. Many respondents say they wouldn’t relocate to an area with climate risk even if it were more affordable. Many Americans are factoring climate change into their decisions about where to live, according to a new Redfin …
March 18, 2021
The newly enacted child tax credit has the potential to reduce the number of rent-burdened households with children by nearly 9%. The newly enacted child tax credit, which will put an average of $221 per month into the pockets of families earning $150,000 or less with children, would make housing go from unaffordable to affordable …
New Tax Credit Would Make Rent Affordable for Half a Million American Families With Children
March 14, 2021
In dozens of American cities including Sacramento and Chicago, formerly redlined neighborhoods have a larger share of homes endangered by flooding than neighborhoods that weren’t targeted by the racist 1930s housing policy. Many of these at-risk neighborhoods remain predominantly nonwhite. Modern flood-risk maps bear a striking resemblance to 1930s redlining maps. Americans living in formerly …
March 9, 2021
But even with the substantial home-equity uptick, Black Americans who bought in 2019 still have a median of $89,000 in equity, much lower than $113,000 for white Americans. People who bought homes in primarily Black neighborhoods in 2019 gained a median $59,000 in home equity last year, compared with $50,000 for people who bought homes …
Black Homeowners Earned $59,000 in Home Equity in 2020, Compared With $50,000 for White Homeowners