Historically Black neighborhoods were always designated high risk. Between 2007 and 2013, following the collapse of the housing market, the median net worth of Black families fell on average 44.3% , versus 26% for White families. Black families were twice as likely to be foreclosed upon during this time. We can expect racial disparities to show themselves in the rates of evictions and foreclosures we're soon to see because of the pandemic. Today, Black homeowners are nearly five times more likely to own homes in previously redlined neighborhoods than White families, according to a study by real estate brokerage Redfin.

Source: CNN August 21, 2020 19:30 UTC