Black Families Priced Out Of Starter Homes In Most Major U.S. Cities
Written by Black Hot Fire Network on June 30, 2024
Black Families Priced Out Of Starter Homes In Most Major U.S. Cities
A new study finds that Black families can afford starter homes in only 10 of the 50 largest U.S. metropolitan areas, indicating persistent racial disparities in homeownership across the country.
The report, released by Redfin, found that typical Black households can afford starter homes in just one-fifth of major U.S. metros, based on the standard that families should spend no more than 30% of their income on monthly housing costs. In contrast, white families can afford starter homes in . . .
