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Black and Hispanic homeowners more likely to be delinquent or in a forbearance program

Black and Hispanic homeowners more likely to be delinquent or in a forbearance program
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The Surprising Reason the Nation May Avoid Another Foreclosure Crisis

The Surprising Reason the Nation May Avoid Another Foreclosure Crisis
realtor.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from realtor.com Daily Mail and Mail on Sunday newspapers.

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Why the housing market is booming in the Covid-19 pandemic

Covid-19 plunged the United States into a recession, leaving millions of Americans out of work and hungry. In the middle of this crisis, the housing market boomed.
Between September 2019 and September 2020, homeowners accumulated a collective $1 trillion in additional home equity. The exploding demand of the past year, in conjunction with a historically low supply of housing, has led buyers to desperately bid up the prices of available properties, sending home prices soaring.
The boom has been welcome news for homeowners (about 65 percent of American households are owner-occupied), but it’s troubling for the growing number of Americans who are being shut out of the housing market altogether. ....

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BOE Member Malia Cohen Raises Red Flag on Bank-Breaking Prop 19 Tax Costs - Los Angeles Sentinel

BOE Member Malia Cohen Raises Red Flag on Bank-Breaking Prop 19 Tax Costs
By Antonio Ray Harvey, California Black Media
Published February 4, 2021
Malia Cohen (Courtesy photo)
Malia M. Cohen, the only African American member of the California Board of Equalization (BOE), has some critical concerns about the cost homeowners will have to bear because of Proposition 19, a constitutional amendment that took effect on Dec. 16, 2020.
Cohen, who represents 10 million Californians in 23 counties on the board, is concerned with how Prop 19 will affect Black and other minority homeowners across California. The BOE is the commission responsible for implementing the law.
“The challenge is that it was voted upon and the election has been certified. So, it’s the law,” Cohen said during a virtual media news briefing with reporters from across the state on Jan. 29 organized by California Black Media. ....

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BOE Member Malia Cohen Raises Red Flag on Bank-Breaking Prop 19 Tax Costs

ByAntonio Ray Harvey,California Black Media
Malia M. Cohen, the only African American member of the California Board of Equalization (BOE), has some critical concerns about the cost homeowners will have to bear because of Proposition 19, a constitutional amendment that took effect on Dec. 16, 2020.
Cohen, who represents 10 million Californians in 23 counties on the board, is concerned with how Prop. 19 will affect Black and other minority homeowners across California. The BOE is the commission responsible for implementing the law.
“The challenge is that it was voted upon and the election has been certified. So, it’s the law,” Cohen said during a virtual media news briefing with reporters from across the state on January 29 organized by California Black Media. ....

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