By Gregory Wilpert
GREG WILPERT It’s The Real News Network and I’m Greg Wilpert in Baltimore.
Segregation in the United States 55 years after the passage of the 1964 Civil Rights Act is alive and well. Not only is school segregation a major problem, as we have reported here on The Real News Network many times, but so is segregation in the housing market. Some studies show that neighborhoods in the US are just as segregated today as they were in the 1940s. One indicator for this is that according to census data, black homeownership reached its lowest level on record in the first quarter of this year. Also, a new study that the Center for American Progress released on Monday shows that while homes owned by whites have increased in value, those owned by blacks have actually decreased in value since before the 2007 housing crash.
The CAP study, titled “Racial Disparities in Home Appreciation,” was written by Michela Zonta. And according to Zonta, homes and neighborhoods with a high concentration of whites have seen prices appreciate three percent between 2006 and 2017. However, homes and neighborhoods with a high concentration of blacks are on average worth six percent less now than there…