• Support MPN
Logo Logo
  • Investigations
  • Analysis
  • Cartoons
  • Podcasts
  • Videos
  • Language
    • 中文
    • русский
    • Español
    • Français
    • اَلْعَرَبِيَّةُ
  • Support MPN
  • Watch | Gaza Fights Back

Foreclosure Crisis Fueled Dramatic Rise Of Racial Segregation

Follow Us

  • Rokfin
  • Telegram
  • Rumble
  • Odysee
  • Facebook
  • Twitter
  • Instagram
  • YouTube
New Laws CaliforniaAlma Ponce and her family, daughter Ruby, 10, left, son Heriberto Jr., 5, and husband Heriberto, pose for a photo outside their Woodland, Calif., home. Wells Fargo began foreclosure proceedings on their home, even as the family sought to refinance. (AP/Rich Pedroncelli)

The foreclosure crisis that drove approximately 9 million people across the United States from their homes disproportionately displaced black and Latino households and led to a spike in segregation along racial lines, a new study finds.

In fact, displacement was so dramatic that Matthew Hall, assistant professor at Cornell University and lead author of the study, told Common Dreams that the crisis should be seen as a “mass migration event.”

“We found that the racial patterns of the foreclosure crisis are shocking and perhaps even more stark than we knew before,” said Hall, who is a demographer.

The Cornell University analysis Neighborhood Foreclosures, Racial/Ethnic Transitions, and Residential Segregation was published online in late April and is set to be included in the June issue of American Sociological Review.

Examining foreclosure rates in urban areas between 2005 and 2009, researchers found that black neighborhoods faced 8.1 foreclosures per 100 homes, and Latino neighborhoods faced a rate of 6.2 per 100 homes.

This compared with the average of 2.3 foreclosures per 100 homes in white neighborhoods, meaning that majority black and Latino neighborhoods faced home-loss rates at approximately three times that of white areas.

A report summary explains that “white households were significantly more likely to leave areas with high foreclosure rates, while black and Latino families entered these neighborhoods out of necessity or to seek newly affordable housing options.”

This led to the  re-segregation of urban areas.

Researchers concluded that overall segregation jumped dramatically during this period, growing by 50 percent between Latinos and whites and 20 percent between blacks and whites, as people of color moved into neighborhoods vacated by white people.

“This really was a crisis that hit African-Americans and Latinos especially hard,” said Hall.

“But the foreclosure crisis has not ended,” Hall added. “There are still a large number of foreclosures that are unresolved and homes that are somewhere in the foreclosure process, which can take years. The impacts of the crisis on segregation have therefore not been completely borne out.”

This work is licensed under a Creative Commons Attribution-Share Alike 3.0 License
Comments
May 8th, 2015
Sarah Lazare

What’s Hot

UK Palestine Solidarity Campaign Official Admits Working With Former Israeli Spy

Nayib Bukele’s El Salvador Dictatorship: Made in Israel

The Pentagon Is Using a Fabricated Chinese Threat to Build Genetically Engineered Soldiers

Why Washington is Worried About Burkina Faso’s Young Revolutionary Leader

Nayib Bukele: The Dark Side of the “World’s Coolest Dictator”

  • Contact Us
  • Archives
  • About Us
  • Privacy Policy
© 2025 MintPress News