Sign up to save your podcasts
Or
Share The Urban Institute’s Alanna McCargo on black homeownership after COVID-19
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
The Urban Institute’s Alanna McCargo on black homeownership after COVID-19
This week, the Housing News Podcast features a bonus crossover episode from HousingWire’s Daily Download.
In this episode, HousingWire Digital Producer Alcynna Lloyd interviews The Urban Institute‘s Alanna McCargo on how the COVID-19 pandemic is likely to impact America’s black homeownership rate.
For some background on the interview:
Last year, the homeownership rate for black Americans fell to 40.6% in the three months through June, the lowest level in the Census Bureau’s quarterly data going back to 1994, according to a government report. It was the smallest share recorded for black households since the 1950 decennial Census when it was 34.5%.The downward trajectory began in 2007 when predatory home loans started going into default, sparking a financial crisis that spread across the globe as trillions of dollars in mortgage securities lost value.
While the overall U.S. homeownership rate fell from 68.4% at the beginning of 2007 to 64.1% in 2019’s second quarter – a drop of just over four percentage points – the decline for black Americans was much steeper. The rate went from 48% to 40.6%, dropping more than seven percentage points.
And now data shows, that the coronavirus pandemic is likely to worsen prospects for Black Americans, which will lead to a larger gap in the homeownership rate.
The Housing News Podcast is a weekly wrap of the top news stories by HousingWire CEO Clayton Collins. Each week, HousingWire interviews financial services experts who can help make sense of the latest headlines, sponsored by our partners at Arch MI and Quicken Loans Mortgage Services.
Here are links to the topics discussed:
Learn more about your ad choices. Visit megaphone.fm/adchoices
View all episodes
By HousingWire
4.7
6363 ratings
This week, the Housing News Podcast features a bonus crossover episode from HousingWire’s Daily Download.
In this episode, HousingWire Digital Producer Alcynna Lloyd interviews The Urban Institute‘s Alanna McCargo on how the COVID-19 pandemic is likely to impact America’s black homeownership rate.
For some background on the interview:
Last year, the homeownership rate for black Americans fell to 40.6% in the three months through June, the lowest level in the Census Bureau’s quarterly data going back to 1994, according to a government report. It was the smallest share recorded for black households since the 1950 decennial Census when it was 34.5%.The downward trajectory began in 2007 when predatory home loans started going into default, sparking a financial crisis that spread across the globe as trillions of dollars in mortgage securities lost value.
While the overall U.S. homeownership rate fell from 68.4% at the beginning of 2007 to 64.1% in 2019’s second quarter – a drop of just over four percentage points – the decline for black Americans was much steeper. The rate went from 48% to 40.6%, dropping more than seven percentage points.
And now data shows, that the coronavirus pandemic is likely to worsen prospects for Black Americans, which will lead to a larger gap in the homeownership rate.
The Housing News Podcast is a weekly wrap of the top news stories by HousingWire CEO Clayton Collins. Each week, HousingWire interviews financial services experts who can help make sense of the latest headlines, sponsored by our partners at Arch MI and Quicken Loans Mortgage Services.
Here are links to the topics discussed:
Learn more about your ad choices. Visit megaphone.fm/adchoices
More shows like Power House
View all
BiggerPockets Real Estate Podcast
16,825 Listeners
Real Estate Rockstars Podcast
882 Listeners
Real Wealth Show: Real Estate Investing Podcast
398 Listeners
The Tom Ferry Podcast Experience
1,125 Listeners
Real Estate News: Real Estate Investing Podcast
566 Listeners
Tax Smart Real Estate Investors Podcast
417 Listeners
RealTrending
15 Listeners
The Investing for Beginners Podcast - Your Path to Financial Freedom
1,397 Listeners
Keeping It Real Podcast • Secrets Of Top 1% REALTORS ® • Interviews With Real Estate Brokers & Agents
258 Listeners
BiggerPockets Money Podcast
3,053 Listeners
One Rental At A Time
140 Listeners
The RMD Podcast
4 Listeners
Ken McElroy Show
716 Listeners
The Loan Officer Podcast
195 Listeners
HousingWire Daily
156 Listeners
BiggerPockets Daily
325 Listeners
Top of Mind
25 Listeners
On The Market
896 Listeners
House of Data
4 Listeners