Thursday, June 4, 2009

FW: Inman AM: Downturn widens homeownership divide

 

 

 

From: Inman News Headlines [mailto:dailynews@inman.com]
Sent: Thursday, June 04, 2009 6:59 AM
To: mark@itsyoursale.com
Subject: Inman AM: Downturn widens homeownership divide

 

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Thursday, June 04, 2009

Downturn widens homeownership divide
While the overall homeownership rate climbed during the housing boom, and minority groups narrowed the homeownership gap with whites, the crash has sent the homeownership trend into reverse.

Gains in homeownership gave under the weight of the subprime loan market meltdown. Fair-housing advocacy groups also blame reverse redlining, the insulation of minority communities and an insufficient financial education for tearing down the homeownership rate. More »

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