Blockbusting (inducing people to sell their homes upon the entry of minorities to a neighborhood) substantially harmed Black wealth accumulation: Black households that bought homes in neighborhoods with rapid racial change were likely to have lost money or barely broken even by 1990. 🏠💔📉
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#Blockbusting #HousingInequality #BlackWealth #RacialJustice #HomeOwnership
Read Full Article
#Blockbusting #HousingInequality #BlackWealth #RacialJustice #HomeOwnership
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The Racial Dynamics of US Neighborhoods and Their Housing Prices from 1950 through 1990
(May 2025) - In this paper, we use <em>k</em>-medians clustering to categorize urban neighborhoods according to the evolution of their Black population share from 1950 through 1990. We use the resulting classifications to compare the dynamics of median home…
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