Thursday, September 18, 2014
Breaking Down Mortgages by Race & Location
A new map from the Urban Institute shows that minorities in the USA are being priced out of the housing market.
A New View of the Housing Boom and Bust plots 100 million mortgages from 2000 to 2012 across the United States. The map shows each owner-occupied mortgage origination for twelve years, in which the borrower’s race and ethnicity were fully recorded.
Using the timeline feature you can make direct comparisons over time anywhere in the USA. Zoom in on just about any city on the map and you can see a clear pattern. In 2012 African American and Hispanic households are being disproportionately affected by constrained mortgage lending.
As well as the large interactive map the Urban Institute takes a closer look at a number of cities. This city level analysis is accompanied by a number of animated gif maps. These maps show a zoomed in view of the data in each city over the whole twelve years.