On Our Radar

A curated collection of links to news, analysis, trends, ideas and views from elsewhere.

Urban Wire: Goal Setting and Data Benchmarking Can Help Narrow the Racial Homeownership Gap

Even with more Americans tackling systemic racism, including the Biden administration making racial equity a priority, the homeownership gap between Black and white Americans continues to grow, widening the racial wealth gap and other economic disparities. At all income levels, white households have a higher overall homeownership rate than Black households, and similar disparities exist when accounting for education. Black households that have a bachelor’s degree or an advanced degree are less likely to own their own home than a white household that lacks a high school diploma. Structural barriers may limit the benefits of education for Black graduates, who bear higher debt burdens, which may also affect homeownership. Even though overtly racist lending practices have been made illegal, their legacies persist in housing, contributing to a growing modern-day disparity.

Time: Exclusive: Elizabeth Warren, Bob Casey Ask For Data on Conservatorships After Britney Spears Testimony

The lawmakers are calling on the Department of Health and Human Services (HHS) and the Department of Justice (DOJ) to provide information about data the agencies collect on the prevalence of guardianship in the U.S, any efforts the agencies have made to protect people under guardianship and ways Congress can improve federal collection of guardianship data.

Yahoo News: Bad zoning rules are supercharging America’s affordable housing crisis

Cities across the country are struggling with skyrocketing home prices. As I have previously written, the problem is rooted in the collapse of home construction after the Great Recession — for over a decade, there were not nearly enough homes built to accommodate the growing population, and now many cities are suffering a dire housing shortage. What’s worse, city governments are exacerbating the problem by catering policy to existing wealthy property owners.

Finra: FINRA Orders Record Financial Penalties Against Robinhood Financial LLC

FINRA announced today that it has fined Robinhood Financial LLC $57 million and ordered the firm to pay approximately $12.6 million in restitution, plus interest, to thousands of harmed customers. The sanctions represent the largest financial penalty ever ordered by FINRA and reflect the scope and seriousness of the violations. In determining the appropriate sanctions, FINRA considered the widespread and significant harm suffered by customers, including millions of customers who received false or misleading information from the firm, millions of customers affected by the firm’s systems outages in March 2020, and thousands of customers the firm approved to trade options even when it was not appropriate for the customers to do so.

Vox: Multigenerational living is making a comeback

The pandemic changed life for everyone, and for some people, that included shacking up with a few familiar faces. Living with multiple generations under one roof is becoming increasingly popular, and it’s influencing what buyers look for in a house. So why is multigenerational living on the rise?