The government just released millions of records on residential appraisals. A pair of researchers who focus on racial inequity in housing analyzed the data. Here’s what they found.
It’s really quite a lovely park, with features that check all the standard boxes: a playground, a gazebo with a big table, a soccer field, restrooms and water fountains, a paved trail that winds through the property, and lots of plain old green space. On a recent weekday afternoon, though, a visit to Tony Marron Park on Houston’s East End revealed a few glitches.
PERSPECTIVES:
HOUSING | SOCIAL AND ECONOMIC DISPARITY
The 2022 State of Housing in Harris County and Houston analyzed foreclosures countywide from 2005 to 2020. But what happens to a neighborhood after a foreclosure crisis?
The past two years have been a heady time for real estate, and as we emerge from the pandemic’s fog of uncertainty, the 2022 State of Housing report details an increasingly stressed situation in Harris County and Houston. Median prices now exceed $300,000 and are approaching $350,000, slipping out of reach for residents earning the median household income. Meanwhile, much of the already limited affordable rental housing stock is becoming increasingly vulnerable.
Climate change is propelling more extreme weather events, including more precipitation and flooding, which means the need for more strategies such as buyouts has never been more urgent. As a concept, buyouts are fairly straightforward: the government buys up properties to remove them out of harm’s way, reducing the risk of loss of life, the need for future flood repairs, insurance payouts and other costs.
INSIGHTS:
HOUSING | DISASTER RESILIENCE AND RECOVERY