Current location:politics >>
Home values rising in Detroit, especially for Black homeowners, study shows
politics5975People have gathered around
IntroductionDETROIT (AP) — Home values in Detroit — especially for Black residents — have increased by billions ...
DETROIT (AP) — Home values in Detroit — especially for Black residents — have increased by billions of dollars in the years following the city’s exit from the largest municipal bankruptcy in U.S. history, according to a study released Tuesday.
The University of Michigan Poverty Solutions report says added home value for Black residents increased 80% between 2014 and 2022.
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 billion.
“For decades, Detroit’s homeowners saw their family wealth evaporate as home values declined,” Mayor Mike Duggan said. “Now, those who stayed, most notably Black homeowners, have gained nearly $3 billion in new generational wealth because of our city’s neighborhoods comeback.”
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“World Warp news portal”。http://norway.cassettedesign.com/html-5f799207.html
Related articles
Billy Joel serenades ex
politicsBilly Joel's latest performance for his longtime-running Madison Square Garden residency turned out ...
【politics】
Read moreNew video of 'human bear' waving emerges as expert weighs in with verdict
politicsYour web browser is no longer supported. To improve your experience update it here ...
【politics】
Read moreLatest review should 'put to bed' methane debate, minister says
politicsClimate Change Minister Simon Watts hopes the independent review will put to bed the debate about ho ...
【politics】
Read more
Popular articles
- 200 days into Israel
- Two US Navy sailors arrested on charges tied to national security and China
- Latest review should 'put to bed' methane debate, minister says
- China news: July exports tumble by double digits, adding to pressure to shore up flagging economy
- Helen Flanagan's ex
- Man almost loses leg to sepsis after cut to back of head with barber’s clippers
Latest articles
Hamas official says no agreement with Israel if war continues in Gaza
Russia's presidential vote starts final day with accusations of Kyiv sabotage
Winston Peters discusses Gaza ceasefire with UN Secretary
VOX POPULI: Voters won’t forget ‘politics of oblivion’ in the next election
Florida Panthers march on in NHL playoffs after long
Clarifications and corrections
LINKS
- University Graduate Develops Cooperative, Helps Farmers Attain Wealth
- Good Family Education Lifts Parents, Children out of Anxiety
- Chinese Woman Reaches Peak of Neuroscience Research
- Women Promotes Lahu Culture, Helps Villagers Achieve Prosperity by Singing, Dancing
- Green Women Power
- Kaifeng: Ancient Capital of Eight Dynasties
- Protecting Wetlands for Human
- Classical Art Seeking New Forms of Expression
- Family Inherits Spirit of Lei Feng
- Advancing Rural Development Through Modern Agriculture