Day: June 30, 2020

Minneapolis Has the Lowest Black Homeownership Rate of Major Metros in the US

Only half of Black families own their home in Washington, DC, which has the highest Black homeownership rate in the U.S., versus more than 70% of white families. Nationwide, the gap is 44% versus 73.7%.

Just 44% of Black families own the home they live in as of the first quarter of 2020, up from 41.1% in the first quarter of 2019, an increase that may reverse as the coronavirus pandemic upends one of the “most promising economies in recent memory” for Black Americans. For white families, the national homeownership rate is 73.7%, up slightly from 73.2% in

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Coronavirus: Auctions and open for inspections scrapped as restrictions return to hotspots

Public auctions and open for inspections have been banned once again in Melbourne’s coronavirus hotspots.

In a blow to the property industry, public sales will be canned in the affected areas from Thursday as stage three government restrictions are reinstated until at least July 29.

Real Estate Institute of Victoria president Leah Calnan said the peak industry body was still waiting to confirm with the Premier’s office the finer details of how real estate would be affected.

But stage three restrictions meant vendors in the 10 affected postcodes would have to revert auctions online or change to a private sale,

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