The recent housing boom created new home-buying opportunities for minority households not seen since the Great Recession, a Post analysis of federal data shows. The growth for minority households was more pronounced than for White households.
Tiffany Harding, a government contractor who bought a $275,000 condominium in Upper Marlboro, Md., last year, lived with her parents for a year to save for a down payment. Even so, she says there’s no way she could afford the same home now. Borrowing costs have more than doubled from the 3 percent interest rate she secured last October, which would add about $600 to her monthly payments and make them unaffordable.
“There are some promising developments, but it isn’t enough to make up for the fact that Black and Latino families have historically been deprived of access to homeownership,” said Vanessa Perry, a public policy professor at George Washington University. “They have not had the opportunity to build equity and use that equity to fund things like college education and retirements.
Some of the country’s largest banks — which for years have been accused of racial profiling and discrimination — say they’re taking steps to help minorities
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Sharp homeownership spikes for Black, Asian and Latino families in 2021In 2021, Black, Latino and Asian households saw the sharpest increase in homeownership since the Great Recession, when all their levels of owning had fallen, according to an analysis of new federal data by The Washington Post. The growth for minority households was more pronounced than for White households.
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US banks say 2021 saw over $1B in potential ransomware paymentsThe sharp increase in these reported attacks could be caused by banks getting better at their ability to track and report them, the U.S. treasury said.
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Grand Finale | Vanity Fair | Awards Extra Oscars Edition 1 2021“How do I break a barrier with this role? As an African American artist, and filmmaker, actor, that’s my goal literally every time.” From the VFArchive: Remembering Chadwick Boseman’s magnetic charisma.
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Ex-Chiefs coach Britt Reid sentenced to 3 years in jail after 2021 car crashEx-Kansas City Chiefs coach Britt Reid, son of head coach Andy Reid, was sentenced after pleading guilty to a drunken crash that left a 5-year-old girl with a serious brain injury.
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Harvey man pleads guilty in 2021 Aurora carjacking that left woman paralyzedA man from Harvey has pled guilty after a 2021 carjacking that left a woman paralyzed in Aurora.
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Alicia Monge — 1940-2021While Mom's laughter can no longer be heard in this earthly realm, it resonates in my heart.
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