In Baltimore, The Gap Between White And Black Homeownership Persists
The gap between black and white homeownership rates has widened in recent decades. Baltimore is a majority black city, but research shows it has a gap of 31 percent, mirroring the national average.
Devan Southerland knows she wants to purchase a home in Baltimore City. She is cautious, though, after hearing about how predatory lenders disproportionately targeted minority homebuyers a decade ago. "I just want to be smart about it," Southerland says. "Because I know a lot of black people suffered during the whole housing crisis and whole subprime lending issue that happened a few years ago."
In the historic Baltimore neighborhood of Bolton Hill, Southerland and her 10-year-old son, Liam, tour the tree-lined streets and dream about one day purchasing a home in this
