The recovery from the housing crisis of the Great Recession has proven uneven in more ways than one. One not insignificant feature: less lending to minority homebuyers.
Bing Bai, Sheryl Pardo, and Karan Kaul provide insight into recently released Home Mortgage Disclosure Act data (HMDA) on 6 million loans made in 2014.
The takeaway that headlines the analysis: "minority borrowers still lag behind in the post-crisis recovery."
The article provides more on that trend: "Minority households were locked out of the post-recession recovery partly due to the tight lending standards as they tend to have lower income and weaker credit profiles. More recently, some progress has been made to open up the credit box and our credit availability index shows that access to credit has started to slowly increase since late 2013."
The article includes several varieties of infographics to illustrate its points. To explore the data further, see also the Urban Institute's interactive map "that now shows 14 years of mortgage originations by race and ethnicity, from 2001 to 2014." The demographic data presented by the Urban Institute follows a similar narrative presented by recent geographic analysis by the Center for American Progress.
FULL STORY: Despite progress, minority borrowers still lag behind in the housing recovery
Latinos Buoy a Sagging Homebuying Market
Minorities were hardest hit by the foreclosure crisis of the Great Recession. Latinos are now helping keep the housing market afloat.
Institutional Investors Gaining a Larger Footprint in the Housing Market, Report Says
The locations with the fastest growing populations are seeing the most dramatic increase in investor-owned single-family housing rentals.
Wall Street Suddenly Buying Fewer Single-Family Homes
Rising interest rates are having a major effect in the housing market—including on the large institutional investors who spent much of the past couple of years buying up single-family homes.
Maui's Vacation Rental Debate Turns Ugly
Verbal attacks, misinformation campaigns and fistfights plague a high-stakes debate to convert thousands of vacation rentals into long-term housing.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
In Urban Planning, AI Prompting Could be the New Design Thinking
Creativity has long been key to great urban design. What if we see AI as our new creative partner?
How Trump's HUD Budget Proposal Would Harm Homelessness Response
Experts say the change to the HUD budget would make it more difficult to identify people who are homeless and connect them with services, and to prevent homelessness.
The Vast Potential of the Right-of-Way
One writer argues that the space between two building faces is the most important element of the built environment.
Florida Seniors Face Rising Homelessness Risk
High housing costs are pushing more seniors, many of them on a fixed income, into homelessness.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Gallatin County Department of Planning & Community Development
Heyer Gruel & Associates PA
JM Goldson LLC
Mpact (founded as Rail~Volution)
City of Camden Redevelopment Agency
City of Astoria
Jefferson Parish Government
Camden Redevelopment Agency
City of Claremont