The Washington Post, March 23, 2022, Home values soared during the pandemic, except for these Black families
Their experience is common. Homes in Black neighborhoods are valued at 23 percent less, on average, than those in comparable White neighborhoods — despite having similar neighborhood and property characteristics and amenities, according to a Brookings Institution report.
The devaluation of Black communities adds up to about $156 billion in lost equity — money that could have been invested in education and entrepreneurship, said Andre Perry, a senior fellow at Brookings and author of “Know Your Price: Valuing Black Lives and Property in America’s Black Cities.”
