Banks and the Real Estate Business Have Undermined Black Homeowners

Recent U.S. census data reveals the home ownership rate for African Americans has fallen to its lowest level since before the civil rights movement. In the second quarter of this year, the rate fell to just 40% — the lowest level since 1950. Keeanga-Yamahtta Taylor’s new book, “Race for Profit: How Banks and the Real Estate Industry Undermined Black Home Ownership,” examines the roots of this crisis. The book has just come out and has been longlisted for the 2019 National Book Award.