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These market forces are subject to other socio-economic factors; no one cause can explain housing inequality. In the United States, Thomas Shapiro and Jessica Kenty-Drane [ 9 ] point to the wealth gaps between African Americans and other groups as likely causes of the housing disparity between African Americans and the rest of the country.
The affordable housing gap is a socio-economic phenomenon characterized by the scarcity of affordable housing relative to the demand for it. [32] This disparity is linked to social , racial , and economic inequality, and disproportionately affects households with lower incomes.
Socioeconomic status (SES) is an economic and sociological combined total measure of a person's work ... and discrimination in the housing market lead to the racial ...
Millennials have long been dogged by a brutal housing market. They faced not one, but two, cataclysmic economic events—the Great Financial Crisis in 2008 and the pandemic in 2020.
The definition of affordable housing may change depending on the country and context. For example, in Australia, the National Affordable Housing Summit Group developed their definition of affordable housing as housing that is "...reasonably adequate in standard and location for lower or middle income households and does not cost so much that a household is unlikely to be able to meet other ...
Daniel Acker/Bloomberg Few economic indicators are more meaningful than the housing market. Buying a house, after all, is the ultimate sign of consumer confidence, and building a house is the ...
The basis of the dual housing market model is that similar housing opportunities are available to different racial groups at different prices. There are many explanations for the existence of a dual housing market. [1] [2] [3] One theory explains the dual housing market through racial steering.
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