The Housing Bubble May Have Burst, But Discrimination Hasn’t


Not only have foreclosure
rates been on the rise
but just this week, the National Fair Housing Alliance released a scathing report documenting racially discriminatory practices among real estate agents in New York, Georgia, and Illinois.

Some details:

-In Atlanta Coldwell Banker agents required African American applicants to provide bank pre-approval letters before being allowed to view homes while no such documentation was required by whites.

-In Chicago, Coldwell Banker agents practiced “blatant” discrimination towards African American buyers looking to purchase homes on the north side, showing them an average of 7 units versus 36 units shown to white buyers.

The reports harshest words, however, were saved for the Corcoran Group in Brooklyn. African American home buyers were routinely given limited information and, in a move reminiscent of red-lining commonly practiced by real estate agents until the Community Reinvestment Act of 1977, one agent drew red lines on a map around predominantly white neighborhoods, steering white clients to white neighborhoods.

As the report said of this practice, “During our 16 years of existence, the National Fair Housing Alliance has never seen such a literal and blatant example of sales steering.”

Doesn’t say much for progress.

–Amaya Rivera

FACT:

Mother Jones was founded as a nonprofit in 1976 because we knew corporations and the wealthy wouldn't fund the type of hard-hitting journalism we set out to do.

Today, reader support makes up about two-thirds of our budget, allows us to dig deep on stories that matter, and lets us keep our reporting free for everyone. If you value what you get from Mother Jones, please join us with a tax-deductible donation today so we can keep on doing the type of journalism 2019 demands.

We Recommend

Latest

Sign up for our newsletters

Subscribe and we'll send Mother Jones straight to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate