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A new study from University of Michigan Poverty Solutions showed that Detroit's Black homeowners gained $2.8 billion in home value during the span from 2014 to 2022.. The net value of these homes ...
For Black homeowners, estimated home values rose from $3.4 billion to $6.2 billion over that period, while the net value of all owner-occupied homes in the city increased from $4.2 billion to $8.1 ...
In 2016 just under half (48%) of black women had never been married which is an increase from 44% in 2008 and 42.7% in 2005. 52% of black men had never been married. Also, 15% percent of black men were married to non-black women which is up from 11% in 2010. Black women were the least likely to marry non-black men at only 7% in 2017. [28]
Despite the lack of housing, black people continued to move to Detroit, and by 1960, almost 30% of the population of Detroit was black. [ 9 ] The white population of the city peaked in 1950 and then steadily declined due to white flight and net emigration through 2010. [ 15 ]
This leads to multiple negative impacts on youth in which 85% are reported to have behavioral issues (Center for Disease Control); [33] 71% of high school dropouts and teen moms come from fatherless homes, which is 9 times the national average (National Principals Association Report); [33] 85% of all children who show behaviour disorders come ...
In 2019, Walker told NBC News she signed a rent-to-own lease on a three-bedroom home in Detroit with a man named Maurice, who gave her a copy of the deed for the house. The house had no furnace ...
In summary, homeownership allows for the accumulation of home equity, a means of storing wealth, and provides families with insurance against poverty. [28] Ibarra and Rodriguez state that home equity is 61% of the net worth of Hispanic homeowners, 38.5% of the net worth of White homeowners, and 63% of the net worth of African-American ...
Detroit, which is home to almost 500,000 Black residents, about 78% of its population, is one of the poorest major cities in the U.S., with over a third of its residents living below the poverty line.