Sunshine Mathon in Business Insider
“‘If we’re just relying on the unrestricted markets around homeownership costs, frankly, it will be out of reach for young people and for many communities of color in perpetuity,’ Mathon said.”
Piedmont Housing’s Executive Director, Sunshine Mathon, is featured in this data-rich article in Business Insider highlighting the bleak environment in the housing market, describing the increasing divide between the haves and the have nots, and underscoring the lack of equity in homeownership.
Data from the National Association of Realtors (NAR) demonstrates the difference between the ‘haves’ and ‘have nots,’:
“This gap mirrors the astonishing divide between white and Black homeownership rates, which is now larger than it was in 1960. Last year, 43.5% of Black households owned their home, compared with 74.6% of white households, according to the US Census Bureau. That gap — 31 percentage points — is 2 points higher than it was more than six decades ago.”
Read the full article by James Rodriguez here.