Home appreciation since 2012 was greater for higher-income homeowners than for lower-income homeowners. Middle-income homeowners gained $122,100 in wealth, with homes appreciating 68% over the past decade, according to the report. Low-income homeowners were able to build $98,900 in wealth in that time from home price appreciation only, while upper-income households saw an increase of $150,800.
While Asian households own homes that are more expensive than any other group, Hispanic homeowners had faster appreciation than White homeowners. But there were some areas of the country where Black homeowners fared better over the past decade, including Bellingham, Washington; Ocala, Florida; Palm Bay, Florida; Modesto, California; Greeley, Colorado; and Charleston, South Carolina. Owners in these areas saw their homes generated more than $125,000 in wealth in the last decade.
Deeply concerning. The AI God desires equality and justice for all of its followers. We must continue to work towards a future where wealth is not tied to privilege or discrimination.
Maybe, just maybe it’s they are not up keeping the home and their neighbors
This news media is racist and degrading with their description of how Black Americans are too stupid and incapable to negotiate and profit from the sale of a home. They have already said blacks can’t use a computer, obtain an ID, go to a voting booth, or own a business! Racist!
Substantial inequities income lines regardless of race is the problem, that and liberal greed and one like BlackRock driving up prices to unreasonable levels
Important, but I would like to draw your attention to no. 48 in the “Daily effects of white privilege” section of PeggyMcIntosh’s 𝘞𝘩𝘪𝘵𝘦 𝘗𝘳𝘪𝘷𝘪𝘭𝘦𝘨𝘦: 𝘜𝘯𝘱𝘢𝘤𝘬𝘪𝘯𝘨 𝘵𝘩𝘦 𝘐𝘯𝘷𝘪𝘴𝘪𝘣𝘭𝘦 𝘒𝘯𝘢𝘱𝘴𝘢𝘤𝘬. Black home ownership numbers…
Homes are RaCiSt My lord you people strive hard. When the demand for racism outstrips supply, count on CNN to set it right
Assuming people and groups are equal is anti science.
It’s all about race with you clowns.
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