Study Finds Racial Disparity in Prices Paid for Similar Homes

hudimgA study by economists at Duke University finds that Blacks and other minorities tend to pay higher prices for homes than Whites who buy similar real estate. The study examined more than 2 million real estate transactions between 1990 and 2008. In comparing transactions for similar homes in the same neighborhoods, the data shows that Blacks spent between 3 percent and 4 percent more than Whites. While it may seem like a small percent, when the transactions are for six-figure real estate deals, the dollar differences can be large.

The study also found wide disparities depending on the cities where the transactions took place. Blacks paid 5.5 percent more than Whites for similar houses in the same neighborhoods of Chicago. But in California, the differences were about 1 percent.

Related Articles

2 COMMENTS

Leave a Reply

Get the JBHE Weekly Bulletin

Receive our weekly email newsletter delivered to your inbox

Latest News

California State University Sacramento Launches Black Honors College

Officially launching for the fall 2024 semester, the Black Honors College will support students from all backgrounds who study Black history, life, and culture by providing them with a specialized curriculum and mentoring opportunities.

Higher Education Gifts or Grants of Interest to African Americans

Here is this week’s news of grants or gifts to historically Black colleges and universities or for programs of particular interest to African Americans in higher education.

In Memoriam: Norman B. Anderson, 1955-2024

Dr. Anderson was the assistant vice president for research and academic affairs at Florida State University at the time of his death. He had an extensive career in clinical psychology, which led him to become the first African American chief executive officer of the American Psychological Association.

Georgia State University Launches Program to Support Black Women in Tech

While Black women account for roughly 29 percent of the Georgia State University undergradaute student body, they represent only 10 percent of the university's computer science majors and 18 percent of the computer information systems majors.

Featured Jobs