Race and Real Estate - Redfin

Housing Equality & Policy

Starter Homes Are Affordable to the Typical Black Family in Just 10 Major U.S. Metros

Starter homes are affordable to a Black family earning the local median income in 10 major U.S. metros: Detroit, St. Louis, Baltimore, Indianapolis, Philadelphia, Cleveland, Pittsburgh, Warren, Columbus and Kansas City. For white families, starter homes are affordable in 32 major metros.  In San Francisco, a Black family earning the local median income would have

The Pool of People Taking Out Mortgages In America Is Becoming Less White

White people took out 62% of new mortgages last year, down from 64% in 2022 and 70% in 2018. Meanwhile, the share taken out by Hispanic, Black and Asian buyers ticked up. People of color are taking out a rising share of mortgages because an increasing share of them are of prime homebuying age, and

The Price of Opportunity: Homes Cost 38% More in Neighborhoods That Offer the Best Shot at Upward Mobility

The typical home purchased in high-opportunity U.S. neighborhoods went for $470,000 last year—$130,000 more than the typical home in low-opportunity areas. The price premium for opportunity is highest in segregated parts of the Midwest and South; in Detroit, homes in high-opportunity areas are nearly four times more expensive than those in low-opportunity areas. High-opportunity neighborhoods

Starter Homes Are Affordable to the Typical Black Family in Just 10 Major U.S. Metros

Starter homes are affordable to a Black family earning the local median income in 10 major U.S. metros: Detroit, St. Louis, Baltimore, Indianapolis, Philadelphia, Cleveland, Pittsburgh, Warren, Columbus and Kansas City. For white families, starter homes are affordable in 32 major metros.  In San Francisco, a Black family earning the local median income would have

The Pool of People Taking Out Mortgages In America Is Becoming Less White

White people took out 62% of new mortgages last year, down from 64% in 2022 and 70% in 2018. Meanwhile, the share taken out by Hispanic, Black and Asian buyers ticked up. People of color are taking out a rising share of mortgages because an increasing share of them are of prime homebuying age, and

The Price of Opportunity: Homes Cost 38% More in Neighborhoods That Offer the Best Shot at Upward Mobility

The typical home purchased in high-opportunity U.S. neighborhoods went for $470,000 last year—$130,000 more than the typical home in low-opportunity areas. The price premium for opportunity is highest in segregated parts of the Midwest and South; in Detroit, homes in high-opportunity areas are nearly four times more expensive than those in low-opportunity areas. High-opportunity neighborhoods

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