Racial Appreciation Gap Limits Financial Benefits For Black Homeowners

Homeownership can be a key wealth-building tool, but evidence shows that racism embedded in home price appreciation restricts the ability of Black homeowners to build wealth. This study analyzes Atlanta home sale data showing both racial and income characteristics influenced home price appreciation from before the height of the housing boom to the postcrisis recovery. The authors argue this appreciation gap demonstrates how homeownership under racial capitalism doesn’t benefit Black and white people equally.

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