Each year the Joint Center for Housing Studies at Harvard University assesses the nation’s housing outlook. The recently-released The State of the Nation’s Housing in 2014 reveals that troubled housing areas remain in the midst of rising prices, higher interest rates and low inventories.
According to the report, “Millions of homeowners, particularly in minority and high-poverty neighborhoods, are still underwater on their mortgages, while millions more renters have been forced to live in housing they cannot afford or is structurally inadequate. And with the ongoing growth in low-income households, housing assistance reaches a shrinking share of those in need.”
See more at: http://www.blackpressusa.com/2014/07/drop-in-black-homeownership-rate-double-that-of-whites/#sthash.ny3MqzgD.dpuf