Black Homeowners See Home Values Rise Higher Than Other Groups After Subprime Mortgage Crisis

But there’s a downside: black homeownership is at the lowest it’s been in 50 years.

Given the current hot housing market, it’s hard to believe that the subprime mortgage crisis, and the subsequent recession, happened only 10 years ago.

Black homeowners were hit especially hard during the recession, and yet, a new study indicates those who held onto their homes may be faring better than other homeowner groups.

How the subprime mortgage crisis affected black homeowners

The recent study, published by the Urban Studies Institute at Georgia State University, cites a broad range of research showing how black homeowners were disproportionately affected by the subprime mortgage crisis leading up to the recession. Among the findings:

  • African-Americans…

Read More