Housing

Race determines home values more today than it did in 1980

New research shows that 50 years after laws were put in place to stop the use of race in real estate appraisals, homes in neighborhoods of color are still being undervalued.

Residential segregation rewards whites while punishing people of color

From 1980 to 2015, homes in white neighborhoods increased in value, on average, $194,000 more than in neighborhoods of color, according to new research. And the rate of the gap in assessed values of these comparable homes in comparable neighborhoods is getting larger over time.

Update: Evictions cost Harris County over $240 million a year — that was before COVID-19

Researchers at the Kinder Institute estimated the annual cost of evictions to Harris County, where more people are evicted each year than anywhere in the U.S., with the exception of New York. The increasing costs of evictions eat up funding that could go toward improving the county’s public health, transportation, public safety and education infrastructure.

COVID-19 has hit Houstonians harder financially than NYC, LA and Chicago residents

Overall, 63% of Houston households have faced serious financial problems related to the COVID-19 crisis. And the overwhelming majority of Black (81%) and Latino (77%) households report having major financial troubles, according to a recent survey.

For more and more Houstonians, dreams of homeownership remain just that

In the past decade, as home prices and rents have increased faster than incomes for many residents of Houston and Harris County, buying a home has become increasingly difficult, according to Kinder Institute research.