A new report from Redfin revealed the typical U.S. home purchased in high-opportunity neighborhoods sold for an estimated $470,000 last year, nearly 40% more than the typical home in low-opportunity areas, as many of those neighborhoods continue to be gentrified, making them less affordable.
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Home Values in Majority-White Neighborhoods Rising Faster Than Communities of Color
According to a new study from Harvard's Joint Center for Housing Studies, research highlighted how home values in majority-white neighborhoods have risen much faster than those in neighborhoods of color, as common trends in lower-income neighborhoods such as gentrification and displacement persist.
Read More »Fannie Mae Examines Appraisal Inequality
In breaking down 1.8 million appraisals over 2019-2020, the GSE investigates divergent appraisal values among Black and white borrowers.
Read More »The Pros and Cons of Gentrification
The eventual increase in home and rent prices due to the gentrification of certain U.S. cities is good news for some. However, this process also has a dark side for those who can no longer afford to live in the areas which they previously called home.
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