Using housing data spanning 11 years from Black Knight Financial Services, The Washington Post recently produced an interactive online article suggesting that the nation’s housing recovery was uneven and has “exacerbated inequality” by leaving behind those of more moderate means. Their analysis says that winners & losers were created along the lines of income, race and geography. The information used reflected repeat sales & loan data from 2004 to 2015 from across the country, drilling down to 19k zip codes at the neighborhood level. The bottom line; the data is interesting, useful and should be taken as such – especially for real estate investors who constantly sift through information when researching their next deal.
“The result is that this housing cycle — spanning the bubble, bust and recovery — has left vastly different marks on communities across the country. For some families and neighborhoods, the legacy will linger for years. For others, its memory has already faded.”
