mortgages
Black families fall further behind on homeownership
This story originally appeared in Stateline, an initiative of The Pew Charitable Trusts. Some cities and states are trying to boost Black homeownership, which dropped to a 60-year low even before the economic turmoil wrought by the COVID-19 pandemic. Black homeownership fell in 2019 to 40.6%, down from the 2004 peak of 49.7%. The rate […]
Fewer people are moving as interest rates, rents rise
This story originally appeared in Stateline, an initiative of The Pew Charitable Trusts. Most people move during the spring and summer months, but many would-be movers stayed put this May and June amid higher interest rates and rising rents, according to change-of-address data from the U.S. Postal Service. Every state saw fewer people moving in […]