A look at America’s housing divide
A new analysis by The Washington Post examines America’s housing recovery and finds that it has been greatly uneven, creating deep disparities based on factors like income, geography, and race. The analysis also hones in on four cities: Stockton, California, Atlanta, Georgia; Charlotte, North Carolina; and Washington, D.C. (WaPo, 4/28):
In the heart of the District, where home values are up more than 90 percent, a modest rowhouse in gentrifying Trinidad is now worth about as much as a newer, spacious suburban home in Loudoun County, where values have barely budged. Around Washington, the housing market’s winners and losers are divided by the Beltway. Inner-ring suburbs have outperformed outer-ring ones. That gives the best returns to short-commute neighborhoods once avoided for their schools, crime and poverty.
– According to data, D.C. and its surrounding suburbs have one of the widest housing affordability gaps in the country. (WaPo, 4/28)
– Washington City Paper takes a look at a handful of the thousands of low-rent units in the District that have been very poorly maintained by their landlords. (WCP, 4/29)
– Opinion: The Racist Roots of a Way to Sell Homes (NYT, 4/29)
CSR | Congratulations to WRAG members BB&T, Booz Allen Hamilton, Deloitte, JPMorgan Chase, PricewaterhouseCoopers, and Wells Fargo for being nominees for the 2016 Outstanding Corporate Citizenship Awards by the Northern Virginia Chamber of Commerce. Check out what they were nominated for here. (NVCC, 4/29)
VIRGINIA | What’s Missing From Loudoun County? (BisNow, 4/26)
WORKFORCE/EQUITY | If There’s Only One Woman in Your Candidate Pool, There’s Statistically No Chance She’ll Be Hired (HBR, 4/28)
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