New Orleans Something big is happening in housing. Maybe big and bad. Maybe big and unknown, but scary in its uncertainty for the future. Here are the facts that frighten. Home ownership dropped again in the last quarter of 2016 and when it did so, it fell below 63% to the lowest level in …
Tag: Minority homeownership
Bank Redlining Increasing and Wealth Plummeting in Minority Communities
New Orleans The Federal Reserve report on the continued decrease in lending to African-American and Hispanic families is unambiguous. In 2013, 4.8% of total home loans were to African-Americans, 7.3% were to Hispanics. In 2012, the numbers were only marginally better at 5.1% and 7.2% respectively. As recently as 2006, before the real estate meltdown …