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Home prices are up. For Black families, is selling Grandma's house the right choice?

Regan Adams at her home in northeast Knoxville. Lynsey Weatherspoon for NPR hide caption

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Lynsey Weatherspoon for NPR

National

Home prices are up. For Black families, is selling Grandma's house the right choice?

Fast-rising home prices are creating opportunities for some longtime Black homeowners. Those high valuations can also raise big questions about the best way to tap into that wealth.

Home prices are up. For Black families, is selling Grandma's house the right choice?

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Black And Latino Homeowners Are About Twice As Likely As Whites To Get Low Appraisals

A "For Sale by Owner" sign is posted in front of property in Monterey Park, Calif., in April 2020. Frederic J. Brown/AFP via Getty Images hide caption

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Frederic J. Brown/AFP via Getty Images

Business

Black And Latino Homeowners Are About Twice As Likely As Whites To Get Low Appraisals

A new analysis by Freddie Mac has found that only 7.4% of appraisals in majority-white census tracts came in below contract price, compared with 12.5% for Black areas and 15.4% for Latino ones.

In Baltimore, The Gap Between White And Black Homeownership Persists

Southerland says she dreams about buying a home in Bolton Hill, where it's quiet and culturally diverse. Meredith Rizzo/NPR hide caption

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Meredith Rizzo/NPR

The New Housing Crisis: Shut Out Of The Market

In Baltimore, The Gap Between White And Black Homeownership Persists

The gap between black and white homeownership rates has widened in recent decades. Baltimore is a majority black city, but research shows it has a gap of 31 percent, mirroring the national average.

In Baltimore, The Gap Between White And Black Homeownership Persists

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