Monday, June 17, 2013

For People Of Color, A Housing Market Partially Hidden From View : Code Switch : NPR

For People Of Color, A Housing Market Partially Hidden From View : Code Switch : NPR: We've written before about the wealth gap between whites and people of color — a divide that's only grown wider over the last half-decade. And since so much of Americans' household wealth is wrapped up in homes, a significant amount of that wealth gap has been chalked up to an array of barriers to homeownership for people of color.

Here's another sobering data point to that end: a new study has found that black, Latinos and Asians looking for homes were shown fewer housing options than whites who were equally qualified. And fewer options meant higher housing costs.

The study, conducted by the Department of Housing and Urban Development and the Urban Institute (a nonpartisan think tank in Washington) used a method called "pair testing." Two people — one person of color and one white person — called and then visited a real estate office to ask about an available property for rent or sale.