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Tag: Black

Study Shows Black Americans Are Paying More to Own Homes

In a new study from MIT, it has been reported that Black Americans are often forced to pay more than any other group of individuals to own a home.

CNN reports that Black homeowners on average pay more in mortgage interest, mortgage insurance, and property taxes than other homeowners. Written by Edward Golding, MIT’s executive director of the Golub Center for Finance and Policy, the paper concludes that the vast difference between what Black homeowners and white homeowners pay indicates that it’s considerably more difficult for Black homeowners to accumulate wealth through ownership at the same rate as white homeowners. 

The differences between mortgage payments is $743 per year, mortgage insurance premiums $550 per year, and property taxes at $390 per year. Totaling $13,464 “over the life of the line,” the gap could result in up to $67,320 in lost retirement savings. 

“The small differences compounding over the life of

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Black Americans are leaving their homes to start their own all-Black communities

This report is part of “Turning Point,” a groundbreaking series by ABC News examining the racial reckoning sweeping the United States and exploring whether it can lead to lasting reconciliation.



a group of people posing for the camera: Renee Walters and Ashley Scott, seen here, started the campaign to buy Freedom, Georgia.


© ABC
Renee Walters and Ashley Scott, seen here, started the campaign to buy Freedom, Georgia.

For now, the small parcel of land known as Freedom, Georgia, is just a campground on red clay under the hot sun. But for the Black Americans who are moving here, it’s a dream.

So far, about 19 families, most of whom are from Georgia, have pooled their money to buy the nearly 97 acres of land in Wilkinson County, which is located about two hours south of Atlanta. It’s their escape, they said, from the everyday racism that feels like a part of life in the United States.



a close up of a tent: About 19 families, most of whom are from Georgia, have pooled their money to buy the nearly 97 acres of land in Wilkinson County, which is located about two hours south of Atlanta to establish Freedom, Georgia.


© ABC
About 19 families, most of whom are from Georgia, have pooled their money

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As Summerville park sees improvements, Black residents remember its cultural impact | News

SUMMERVILLE — Years ago, Doty Park near downtown looked drastically different when it was a huge hub for Black residents.

There wasn’t a community center. And baseball fields used to sit where tennis courts now stand. Those fields were typically filled predominately with Black residents from the Alston and Brownsville areas. 

Anthony Pinckney, a 58-year-old native Summerville resident, said his wife ran the concession stand. He used to drive around the park after the baseball fields were replaced, trying to remember the good days.

Louis Smith, another longtime Summerville resident, said being there in the 1980s and ’90s felt like a neighborhood experience.

“You probably had a lot of marriage proposals out there,” he said. “It was a cultural hub of the community.”

For decades, Doty Park was the home to the Carolina Dixie Youth Baseball League. It was a program where Black and White children in large numbers could

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Homes in Black and Latino neighborhoods still undervalued 50 years after US banned using race in real estate appraisals | The Conversation

(The Conversation is an independent and nonprofit source of news, analysis and commentary from academic experts.)

Junia Howell, University of Pittsburgh and Elizabeth Korver-Glenn, University of New Mexico

(THE CONVERSATION) The Research Brief is a short take about interesting academic work.

The big idea

Racial inequality in home values is larger today than it was 40 years ago, with homes in white neighborhoods appreciating $200,000 more since 1980 than comparable homes in similar communities of color.

Our new research on home appraisals shows neighborhood racial composition still drives unequal home values, despite laws that forbid real estate professionals from explicitly using race when evaluating a property’s worth. Published in the journal Social Problems, our study finds this growing inequality results from both historical policies and contemporary practices.

In the 1930s, the federal government institutionalized a process for evaluating how much a property was worth. Often called redlining, this process used

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Homes in Black and Latino Neighborhoods Still Undervalued 50 Years After U.S. Banned Using Race In Real Estate Appraisals | Cities

By Junia Howell and Elizabeth Korver-Glenn

Our new research on home appraisals shows neighborhood racial composition still drives unequal home values, despite laws that forbid real estate professionals from explicitly using race when evaluating a property’s worth. Published in the journal Social Problems, our study finds this growing inequality results from both historical policies and contemporary practices.

In the 1930s, the federal government institutionalized a process for evaluating how much a property was worth. Often called redlining, this process used neighborhood racial and socioeconomic composition to determine home values. Homes in white communities were deemed more valuable than identical dwellings in communities of color.

Legislative action in the late 1960s and 1970s prohibited this practice. But the law allowed appraisers to use past sale prices to determine home values. Our research shows how using old, race-based sale prices ensured appraisers continued to define homes in white neighborhoods as worth more

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Home Depot announces Black Friday deals to last two months

In recent years, retailers have competed to move their Black Friday sales, and the entire holiday shopping season, earlier on the calendar. COVID-19 is only speeding up that trend.

Home Depot is looking to enhance the frenzied shopping bonanza that happens every year the day after Thanksgiving by announcing this week that its holiday pricing will start in November and run through December.

Rather than Black Friday deals being limited to one day of the season, holiday sale prices will instead be extended for the entire two-month stretch both in stores and online, according to Home Depot. On the company’s mobile app, customers will also be able to see the deals next month before lower prices are in play online, it added.

Closed for Thanksgiving

The home-improvement chain is also sticking with its practice of closing its stores on Thanksgiving Day, so that “associates and customers can enjoy important time

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White and Black Tile Patterns for Bathroom Flooring

White and black flooring is turning out to be a major choice for the bathroom tile flooring. The white bathroom tile is extremely popular among the customers these days. These black and white tiles are exclusively made up of marble, travertine, ceramic, porcelain, slate, granite, glass mosaic, metal mosaic, and limestone.

The white ceramic flooring range come in variety of different patterns and designs. One important pattern among these white floor tiles is checkerboard pattern. It is a nice and easy looking design which gives a perfect alteration of two colors.

Pin wheel pattern is also an important pattern to mention when talking about black and white flooring. In this design a single black tile is surrounded by white tiles from all sides. Some modifications have been observed in this design which includes the white tile as the center of observation with black surrounded tiles, giving the floor a diamond … Read More