Black Homebuyers Hit Hard as Housing Affordability Nears Record Low

MPA, Jan. 3, 2024-Jonalyn Cueto
Amid the tumult of the pandemic’s early days, a remarkable shift occurred in the landscape of American homeownership, particularly among Black communities. For years, the trajectory had been one of gradual decline, but a sudden surge marked a historic moment. However, with borrowing costs soaring and home prices reaching dizzying heights, the gains made during that brief window of opportunity now hang in precarious balance.
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