August 25, 2017
- The Federal Housing Finance Agency (FHFA) examined housing prices for the second quarter of this year. Across the U.S., housing prices rose 1.6% during the second quarter. Though this is a small increase, over the past year, housing prices have risen a total of 6.6%. Further the study found that housing prices rose in 48 states in the second quarter of 2017.
- The Federal Reserve Bank of Chicago examined the “effects of the 1930’s Home Owners’ Loan Corporation (HOLC) residential security ‘reading’ maps.” The Federal Reserve Bank of Chicago, to no surprise, found that “lower graded areas of the HOLC” encountered more racial segregation which peaked between the 1960’s and 1970’s. Further, the study concluded that the use of these maps altered the dynamic of Chicago communities for years to come although the sole use of the maps were not the cause of segregation.