Tuesday, July 11, 2017

Black Homeowners Struggle as Housing Market Recovers

Yul Dorn and his wife raised their son and daughter in a three-bedroom home crammed with family photos, one they bought in a historically African-American neighborhood in San Francisco more than two decades ago.

Today, the couple is living in a motel after they were evicted last year, having lost a foreclosure battle. A second home they inherited is also in default.

The Dorns expect to join the growing ranks of African-Americans who do not own their homes, a rate that was nearly 30 percentage points higher than that of whites in 2016, according to a new report.

“The person who bought the house, we lost all of our memories,” said Dorn, a pastor and case manager with the city health department. “He put the furniture out on the street, and it was just devastating to my family.” 

Click here for the full article. 

Source: NBC News

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