Chart of the Day: Hispanics Got Hurt the Worst By the Housing Bubble
Hopes in Hispanic neighborhoods soared higher and fell further than in other neighborhoods
Via Lydia DePillis, this chart comes from a new report by Zillow and the Urban Institute. It shows that housing in Hispanic communities rose more during the housing bubble and crashed farther than housing in white, black, or Asian communities. Why? The report makes a brief nod toward the varying geographical locations of these communities, and maybe that's the answer. But it sure seems like that doesn't quite explain things, and I have no idea what might be behind it. Anyone have any guesses?