{"id":453608,"date":"2021-03-09T08:03:43","date_gmt":"2021-03-09T13:03:43","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=453608"},"modified":"2021-03-09T08:03:43","modified_gmt":"2021-03-09T13:03:43","slug":"black-homeowners-earned-59000-in-home-equity-in-2020-compared-with-50000-for-white-homeowners","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/black-homeowners-earned-59000-in-home-equity-in-2020-compared-with-50000-for-white-homeowners\/","title":{"rendered":"Black Homeowners Earned $59,000 in Home Equity in 2020, Compared With $50,000 for White Homeowners"},"content":{"rendered":"<div class=\"xn-newslines\">\n<h2 class=\"xn-hedline\">But even with the substantial home-equity uptick, Black Americans who bought in 2019 still have a median of $89,000 in equity, much lower than $113,000 for white Americans<\/h2>\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">SEATTLE<\/span>, <span class=\"xn-chron\">March 9, 2021<\/span> \/PRNewswire\/ &#8212; (NASDAQ: RDFN) \u2014 People who bought homes in primarily Black neighborhoods in 2019 gained a median <span class=\"xn-money\">$59,000<\/span> in home equity last year, compared with <span class=\"xn-money\">$50,000<\/span> for people who bought homes in primarily white neighborhoods, according to a new <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3090287-1&amp;h=2729447361&amp;u=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fhome-equity-by-race-black-homeowners%2F&amp;a=report\" rel=\"nofollow noopener noreferrer\">report<\/a><\/u> from Redfin (<u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3090287-1&amp;h=3741567713&amp;u=https%3A%2F%2Fwww.redfin.com%2F&amp;a=redfin.com\" rel=\"nofollow noopener noreferrer\">redfin.com<\/a><\/u>), the technology-powered real estate brokerage. Equity grew more for people who bought homes in primarily Asian and Hispanic neighborhoods\u2014by <span class=\"xn-money\">$79,000<\/span> and <span class=\"xn-money\">$67,000<\/span>, respectively. <\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/624025\/Redfin_Logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/624025\/Redfin_Logo.jpg\" title=\"Redfin Logo (PRNewsfoto\/Redfin)\" alt=\"Redfin Logo (PRNewsfoto\/Redfin)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>For the purposes of this report, a neighborhood is considered primarily one race or another if more than 50% of the owner-occupied households are Black, Hispanic, Asian or white, as identified in the U.S. Census Bureau&#8217;s American Community Survey. We calculated home-equity gains throughout 2020 for each neighborhood type for homeowners who purchased a home anytime during 2019, using <span class=\"xn-chron\">January 2021<\/span> Redfin Estimates as a proxy for current market value. The terms &#8220;Black homeowner,&#8221; &#8220;white homeowner,&#8221; etc. are used throughout this report to refer to a person who bought a home in a neighborhood of primarily one race or another in 2019. <\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"1\" class=\"prntblns\">\n<tr>\n<td colspan=\"5\" nowrap=\"nowrap\" class=\"prnsbts prnrbrs prnvab prnsbbs prnpl6 prnsbls prnpr6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Median gains in home equity by primary race of neighborhood from 2019 to January 2021<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prnsbt1 prnrbrs prnvab prnsbbs prnpl6 prnsbls prnpr14\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Median home<br \/>equity in 2019<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Median home<br \/>equity in January<br \/>2021<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Median dollar<br \/>gain in home<br \/>equity<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Percentage gain in<br \/>median home <br \/>equity<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Asian<br \/>neighborhoods<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$178,000<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$257,000<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$79,000<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">44%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Black <br \/>neighborhoods<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$30,000<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$89,000<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$59,000<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">197%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Hispanic<br \/>neighborhoods<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$35,000<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$102,000<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$67,000<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">191%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">White<br \/>neighborhoods<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$63,000<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$113,000<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$50,000<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">79%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>While Black homeowners gained more wealth through home equity than white homeowners last year, the trend is a reversal from the previous decade, when homeowners of color saw their home values and home equity recover more slowly from the Great Recession. <\/p>\n<p>People who bought homes in primarily Black neighborhoods in 2019 currently have a median of <span class=\"xn-money\">$89,000<\/span> in home equity, the smallest amount of the four races included in this analysis. That&#8217;s compared with <span class=\"xn-money\">$257,000<\/span> for Asian homeowners, <span class=\"xn-money\">$113,000<\/span> for white homeowners and <span class=\"xn-money\">$102,000<\/span> for Hispanic homeowners. <\/p>\n<p>Black homeowners started with much lower equity\u2014a median of <span class=\"xn-money\">$30,000<\/span> in 2019\u2014than their Asian <span class=\"xn-money\">($178,000)<\/span> and white <span class=\"xn-money\">($63,000)<\/span> counterparts, and slightly less than the typical Hispanic homeowner <span class=\"xn-money\">($35,000)<\/span>. The difference in equity in 2019 was primarily driven by the fact that Black homebuyers made smaller down payments than buyers of other races, due to lower home prices and putting down a smaller percentage of the sale price. <\/p>\n<p>Even though Black homeowners still have less equity than white homeowners, the home-equity gap between Black and white Americans is narrowing. That&#8217;s largely because significant gains in home values, which increase equity above initial down payments, fueled equity gains from 2019 to <span class=\"xn-chron\">January 2021<\/span> for homeowners of all races. The typical homeowner in a primarily white neighborhood had <span class=\"xn-money\">$33,000<\/span> more home equity than the typical homeowner in a primarily Black neighborhood in 2019, a gap that had shrunk to <span class=\"xn-money\">$24,000<\/span> by <span class=\"xn-chron\">January 2021<\/span>. <\/p>\n<p>\n        <b>Homeowners in Black neighborhoods experienced a nearly 200% home-equity increase <\/b><br \/>\n        <b>in 2020, a huge increase that&#8217;s mostly due to low equity pre-pandemic<\/b>\n      <\/p>\n<p>Black homeowners nationwide who bought their homes in 2019 saw a 197% increase in home equity last year, a bigger percentage increase than the other races. Home equity increased 191% for Hispanic homeowners, 79% for white homeowners and 44% for Asian homeowners. Black homeowners starting out with lower equity than the other races is a key reason for the larger percentage jump. <\/p>\n<p>Black Americans are least likely to be homeowners. The homeownership rate for Black families was 44.1% in the fourth quarter of 2020, the most recent time period for which data is available. That&#8217;s steady from 44% in the fourth quarter of 2019, but it had been on the rise before the pandemic, with a jump up from the 42.9% rate in the fourth quarter of 2018. The current homeownership rate for white families is significantly higher than it is for Black families: 74.5% in the fourth quarter of 2020, up slightly from 73.7% a year earlier. The homeownership rate for Asian families increased from 57.6% to 59.5% over the same time period, and it went from 48.1% to 49.1% for Hispanic families. <\/p>\n<p>&#8220;Black homeowners benefited from 2020&#8217;s hot housing market, and the trend is continuing into this year as Americans remain intensely interested in relocating and buying homes and home values continue to rise,&#8221; said Redfin Chief Economist <span class=\"xn-person\">Daryl Fairweather<\/span>. &#8220;But less than half of Black Americans own the home they live in, so most of the Black community didn&#8217;t benefit from the enormous wealth homeowners have gained in the past year. Especially compared with the three-quarters of white Americans who own their homes, the total benefit for Black families across the country is relatively small. With higher unemployment rates and less overall wealth, Black families were not as likely as white families to buy homes even when prices were comparatively low.&#8221;<\/p>\n<p>&#8220;Now that prices are so high and the pandemic has contributed to high unemployment, especially for Black workers, it&#8217;s even more difficult for people who don&#8217;t already own homes to break into the housing market,&#8221; Fairweather continued. &#8220;There is a major need and a big opportunity for policymakers to enact programs like down-payment assistance and zoning reform to help narrow the homeownership gap and enable more Black families to build wealth through home equity.&#8221;<\/p>\n<p>\n        <b>Black homeowners in <span class=\"xn-location\">Chicago<\/span>, <span class=\"xn-location\">Newark<\/span> and <span class=\"xn-location\">Washington, D.C.<\/span> have seen enormous home-equity gains, mostly because equity was so low pre-pandemic<\/b>\n      <\/p>\n<p>People who bought homes in primarily Black neighborhoods in <span class=\"xn-location\">Chicago<\/span> in 2019 experienced the biggest percentage equity gain of the metro areas included in this analysis, with a 750% increase from 2019 to <span class=\"xn-chron\">January 2021<\/span>. The increase is so big partly because median home equity was just <span class=\"xn-money\">$8,000<\/span> in 2019, compared with <span class=\"xn-money\">$68,000<\/span> in <span class=\"xn-chron\">January 2021<\/span>. <\/p>\n<p>Next come <span class=\"xn-location\">Newark<\/span> and <span class=\"xn-location\">Washington, D.C.<\/span>, which also saw huge percentage increases for Black homeowners from 2019 to <span class=\"xn-chron\">January 2021<\/span>: 626% and 425%, respectively. Median home equity went from <span class=\"xn-money\">$19,000<\/span> to <span class=\"xn-money\">$138,000<\/span> in <span class=\"xn-location\">Newark<\/span>, and <span class=\"xn-money\">$16,000<\/span> to <span class=\"xn-money\">$84,000<\/span> in <span class=\"xn-location\">Washington, D.C.<\/span><\/p>\n<p>All of the metros included in this analysis experienced home-equity gains for Black homeowners\u2014and homeowners of all other races\u2014over that time period. The typical Black homeowner in <span class=\"xn-location\">Jacksonville<\/span> gained 62% in equity from 2019 to <span class=\"xn-chron\">January 2021<\/span>, the smallest percentage gain of any metro included in this analysis, from <span class=\"xn-money\">$45,000<\/span> to <span class=\"xn-money\">$73,000<\/span>. <\/p>\n<p>To view the full report, including charts and methodology, please visit: <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3090287-1&amp;h=1343363149&amp;u=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fhome-equity-by-race-black-homeowners%2F&amp;a=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fhome-equity-by-race-black-homeowners%2F\" rel=\"nofollow noopener noreferrer\">https:\/\/www.redfin.com\/news\/home-equity-by-race-black-homeowners\/<\/a><\/u><\/p>\n<p>\n        <b>About Redfin <br \/><\/b>Redfin (<u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3090287-1&amp;h=2331277213&amp;u=https%3A%2F%2Fwww.redfin.com%2F&amp;a=www.redfin.com\" rel=\"nofollow noopener noreferrer\">www.redfin.com<\/a><\/u>) is a technology-powered residential real estate company, redefining real estate in the consumer&#8217;s favor in a commission-driven industry. We do this by integrating every step of the home buying and selling process and pairing our own agents with our own technology, creating a service that is faster, better and costs less. We offer brokerage, iBuying, mortgage, and title services, and we also run the country&#8217;s #1 nationwide brokerage website, offering a host of online tools to consumers, including the <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3090287-1&amp;h=1796819362&amp;u=https%3A%2F%2Fwww.redfin.com%2Fredfin-estimate&amp;a=Redfin+Estimate\" rel=\"nofollow noopener noreferrer\">Redfin Estimate<\/a><\/u>. We represent people buying and selling homes in over 95 markets in <span class=\"xn-location\">the United States<\/span> and <span class=\"xn-location\">Canada<\/span>. Since our launch in 2006, we have saved our customers nearly <span class=\"xn-money\">$1 billion<\/span> and we&#8217;ve helped them buy or sell more than 310,000 homes worth more than <span class=\"xn-money\">$152 billion<\/span>.<\/p>\n<p>For more information or to contact a local Redfin real estate agent, visit <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3090287-1&amp;h=2331277213&amp;u=https%3A%2F%2Fwww.redfin.com%2F&amp;a=www.redfin.com\" rel=\"nofollow noopener noreferrer\">www.redfin.com<\/a><\/u>. To learn about housing market trends and download data, visit the <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3090287-1&amp;h=107046389&amp;u=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fdata-center%2F&amp;a=Redfin+Data+Center\" rel=\"nofollow noopener noreferrer\">Redfin Data Center<\/a><\/u>. To be added to Redfin&#8217;s press release distribution list, email <u><a target=\"_blank\" href=\"mailto:press@redfin.com\" rel=\"nofollow noopener noreferrer\">press@redfin.com<\/a><\/u>. To view Redfin&#8217;s press center, <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3090287-1&amp;h=3947740098&amp;u=http%3A%2F%2Fpress.redfin.com%2Fphoenix.zhtml%3Fc%3D252734%26p%3Dirol-overview&amp;a=click+here\" rel=\"nofollow noopener noreferrer\">click here<\/a><\/u>.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=SF02759&amp;sd=2021-03-09\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/black-homeowners-earned-59-000-in-home-equity-in-2020--compared-with-50-000-for-white-homeowners-301243130.html\">http:\/\/www.prnewswire.com\/news-releases\/black-homeowners-earned-59-000-in-home-equity-in-2020&#8211;compared-with-50-000-for-white-homeowners-301243130.html<\/a><\/p>\n<p>SOURCE  Redfin<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=SF02759&amp;Transmission_Id=202103090800PR_NEWS_USPR_____SF02759&amp;DateId=20210309\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>But even with the substantial home-equity uptick, Black Americans who bought in 2019 still have a median of $89,000 in equity, much lower than $113,000 for white Americans PR Newswire SEATTLE, March 9, 2021 \/PRNewswire\/ &#8212; (NASDAQ: RDFN) \u2014 People who bought homes in primarily Black neighborhoods in 2019 gained a median $59,000 in home equity last year, compared with $50,000 for people who bought homes in primarily white neighborhoods, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Equity grew more for people who bought homes in primarily Asian and Hispanic neighborhoods\u2014by $79,000 and $67,000, respectively. For the purposes of this report, a neighborhood is considered primarily one race or another if more than 50% &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/black-homeowners-earned-59000-in-home-equity-in-2020-compared-with-50000-for-white-homeowners\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Black Homeowners Earned $59,000 in Home Equity in 2020, Compared With $50,000 for White Homeowners&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-453608","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Black Homeowners Earned $59,000 in Home Equity in 2020, Compared With $50,000 for White Homeowners - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/black-homeowners-earned-59000-in-home-equity-in-2020-compared-with-50000-for-white-homeowners\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Black Homeowners Earned $59,000 in Home Equity in 2020, Compared With $50,000 for White Homeowners - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"But even with the substantial home-equity uptick, Black Americans who bought in 2019 still have a median of $89,000 in equity, much lower than $113,000 for white Americans PR Newswire SEATTLE, March 9, 2021 \/PRNewswire\/ &#8212; (NASDAQ: RDFN) \u2014 People who bought homes in primarily Black neighborhoods in 2019 gained a median $59,000 in home equity last year, compared with $50,000 for people who bought homes in primarily white neighborhoods, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Equity grew more for people who bought homes in primarily Asian and Hispanic neighborhoods\u2014by $79,000 and $67,000, respectively. For the purposes of this report, a neighborhood is considered primarily one race or another if more than 50% &hellip; Continue reading &quot;Black Homeowners Earned $59,000 in Home Equity in 2020, Compared With $50,000 for White Homeowners&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/black-homeowners-earned-59000-in-home-equity-in-2020-compared-with-50000-for-white-homeowners\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-09T13:03:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/624025\/Redfin_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/black-homeowners-earned-59000-in-home-equity-in-2020-compared-with-50000-for-white-homeowners\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/black-homeowners-earned-59000-in-home-equity-in-2020-compared-with-50000-for-white-homeowners\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Black Homeowners Earned $59,000 in Home Equity in 2020, Compared With $50,000 for White Homeowners\",\"datePublished\":\"2021-03-09T13:03:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/black-homeowners-earned-59000-in-home-equity-in-2020-compared-with-50000-for-white-homeowners\\\/\"},\"wordCount\":1205,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/black-homeowners-earned-59000-in-home-equity-in-2020-compared-with-50000-for-white-homeowners\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/624025\\\/Redfin_Logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/black-homeowners-earned-59000-in-home-equity-in-2020-compared-with-50000-for-white-homeowners\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/black-homeowners-earned-59000-in-home-equity-in-2020-compared-with-50000-for-white-homeowners\\\/\",\"name\":\"Black Homeowners Earned $59,000 in Home Equity in 2020, Compared With $50,000 for White Homeowners - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/black-homeowners-earned-59000-in-home-equity-in-2020-compared-with-50000-for-white-homeowners\/","og_locale":"en_US","og_type":"article","og_title":"Black Homeowners Earned $59,000 in Home Equity in 2020, Compared With $50,000 for White Homeowners - Market Newsdesk","og_description":"But even with the substantial home-equity uptick, Black Americans who bought in 2019 still have a median of $89,000 in equity, much lower than $113,000 for white Americans PR Newswire SEATTLE, March 9, 2021 \/PRNewswire\/ &#8212; (NASDAQ: RDFN) \u2014 People who bought homes in primarily Black neighborhoods in 2019 gained a median $59,000 in home equity last year, compared with $50,000 for people who bought homes in primarily white neighborhoods, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. 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