Real Estate Redesigned

The $212,000 difference contributes to a wealth gap between blacks and whites, as does the lower homeownership rate among black Americans overall.

Homeowners gained far less equity in formerly redlined areas: study In neighborhoods where redlining was practiced, lenders would draw a “red line” around neighborhoods that, based on demographics, were deemed too risky for federal mortgage loans. Instead of the cheap federal financing available to white families, black homeowners had to seek more expensive loan...

The Canadian Real Estate Association says home sales in September set another record for the month as they continued to climb higher and prices soared.

CREA reports Canadian home sales set record for September, up 45.6% from last year Month-over-month gains in Ottawa, Greater Vancouver, Vancouver Island, Calgary and Hamilton-Burlington, Ont., were mostly offset by declines in the Greater Toronto Area and Montreal.