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- Low-income and minority communities have suffered the highest foreclosure rates. Even after controlling for income, foreclosure rates in minority tracts are significantly higher than in white tracts.
- Reflecting patterns of racial/ethnic and income segregation, center-city neighborhoods have also suffered high foreclosure rates.
- Yet in the states with the most foreclosures (California, Florida, Arizona, Michigan, Nevada, and Georgia), rates in suburban areas rival those in center cities, and rates in predominantly white neighborhoods differ little by income.
Source: The State of the Nation’s Housing 2011, Joint Center for Housing Studies at Harvard University
http://www.jchs.harvard.edu/publications/markets/son2011/index.htm
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