MAHA homebuyer class graduates and new SoftSecond homeowners, Jared and Emily Medeiros, were featured in a story that aired on Monday, June 4 on National Public Radio's All Things Considered. Entitled "After the Housing Bust, Revisiting Homeownership," NPR's Chris Arnold visited the Medeiros' in their Sharon home and introduces listeners to the couple and their 11 month old daughter.
Arnold points out that "five years after the market crash of 2007, the desire to own a home is actually very much alive and well. In a recent poll of likely voters by the Woodrow Wilson Center, 84 percent of respondents said homeownership today is just as important as or more important than it was five years ago. Ninety percent still think homeownership is part of the American dream."
Last night, the curtain closed on the Huntington Theatre Company's powerful production of "The Luck of the Irish." Set in the 1950's, the play tells the story of an African-American family trying to buy a house in an all-white suburb. They end up paying a struggling Irish family to act as their front in order to complete the purchase. The play moves back and forth from the 1950's to the present day and leaves the question of how far we have come since that time open for inspection.
Clearly, the days of restrictive covenants and real estate agents and homeowners blatantly refusing to sell homes in "white" neighborhoods to people of color are behind us. But studies show that we still have work to do.
In Changing Patterns XVIII, a report prepared for the Massachusetts Community Banking Council, total home-purchase lending to blacks and Latinos was highly concentrated in a small number of the state’s cities and towns and entirely absent in others. Changing Patterns was authored by Jim Campen, professor emeritus of economics at UMass Boston and longtime MAHA board member.
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