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[1] [2] [3] One theory explains the dual housing market through racial steering. This occurs when real estate brokers steer their clients to specific geographic locations of available housing based on race. [1] Although racial discrimination in housing market processes is outlawed by several court decisions and legislation, there is evidence ...
"The United States Supreme Court defines steering as a 'practice by which real estate brokers and agents preserve and encourage patterns of racial segregation in available housing by steering members of racial and ethnic groups to buildings occupied primarily by members of such racial and ethnic groups and away from buildings and neighborhoods ...
Housing segregation in the United States is the practice of denying African American or other minority groups equal access to housing through the process of misinformation, denial of realty and financing services, and racial steering. [43] [44] [45] Housing policy in the United States has influenced housing segregation trends throughout history.
According to 2022 US Census Bureau one-year estimates, California's population by race (where Hispanics are allocated to the individual racial categories) was 38.9% White, 15.5% Asian, 19.5% Other Race, 5.4% Black or African American, 1.3% Native American or Alaskan Native, 0.4% Pacific Islander, and 19.0% Mixed race or Multiracial.
Even in regions with relatively abundant market-rate housing, the market can fail to supply safe and sufficient housing to populations with very low income or disabilities that impair independent living. Insufficient public funding has contributed to a distinct housing crisis affecting these groups.
Overall, California's population loss slowed considerably from the first year of the data set to the second. In 2020-21, the state lost 0.91% of its population. The following year, it lost just 0.29%.
The Southern California housing market is downshifting. The average home price in the six-county region fell 0.3% from October to $869,288 in November, according to Zillow, marking the fourth ...
Here's a look back at 2012's major developments in residential real estate -- along with insight on what lies ahead for the housing market in 2013. %Gallery-173886% Show comments