What's Keeping Minority Residents From Buying Homes In Phoenix?
The real estate boom that started not long after the turn of the 21st century made it seem as though homeownership was not only a stabilizing option for a growing percentage of Americans, but also a great investment and a way to grow your money.
Unfortunately, the Great Recession that followed the boom put many more people in dire financial straits. And while homeownership has bounced back a bit, fewer people are able to take advantage now.
The Arizona Republic published a report on what is keeping minority residents from buying homes in Phoenix, and Maria Polletta — diversity and inequality reporter for the paper — is here to talk about it.