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Housing Equality & Policy

Policy

Homeowners in New York, California and Other Coastal States Could Shave Thousands Off Their Annual Tax Bill with SALT Cap Increase

The typical New York household impacted by the raised SALT cap will save $7,092  annually—the most of any state.  86% of Massachusetts homeowner households could benefit from the increased SALT cap—the highest share of any state. In comparison, only 1% of households in Tennessee and Nevada are expected to benefit. States with high home values […]
Race & Real Estate

Black Homeownership Rate Drops to Lowest Level Since 2021

The Black homeownership rate fell to 43.9% in the second quarter, while the Hispanic homeownership rate ticked up slightly. The drop in the Black homeownership rate may be tied to the rising Black unemployment rate, which sits at 7.2%—the highest level since 2021. The Black homeownership rate fell to 43.9% in the second quarter—the lowest […]
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