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NewsOne Now  |  Kenon White

#BlackWealthMatters: New Housing Crisis Poses Major Threat To Minority Homeownership

The majority of Americans obtain wealth through homeownership. During the housing and foreclosure crisis, African-Americans lost 53 percent of all Black wealth as a result, and now the future of minority home ownership seems bleak as more and minorities are becoming renters instead of buyers. The Wall Street Journal recently reported: Last decade’s housing crisis […]

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Cross Post Now, NewsOne Now  |  Kenon White

53 Percent Of Black Wealth Wiped Out: Foreclosure Crisis Erodes Communities Of Color

Over the course of the last seven years, African American wealth has been decimated as a result of the foreclosure crisis in the United States. According to statistics, nearly 53% of Black wealth was wiped out as a result. Washington Post’, national economics correspondent Michael Fletcher highlighted the impact of the housing crisis on Prince […]