[1] Home values in predominantly black communities also have a tendency to be much lower than home values in predominantly white communities, which means that the typical homebuyer in such a community can expect to spend less on a conventional mortgage payment than the typical
homebuyer in a white community.
The study included over 1,000 repossessed homes
in nine major markets, concluding that the properties
in white communities «generally appeared inhabited, well - maintained, and attractive to real estate agents and
homebuyers,» whereas the properties
in minority
communities were «more likely to have overgrown yards littered with trash, unsecured doors, broken windows, and indications of marketing as a distressed sale.»