An AI analysis of New York City housing data has revealed stark racial disparities in homeownership, home loans, and foreclosures in the Big Apple. The research by analytics giant SAS and the non-profit Center for NYC Neighborhoods (CNYCN) showed that areas with a higher proportion of Black and Hispanic homeowners have lower home values — even when the age and square footage of their properties are the same. The team also found that the cost of getting home purchase loans is higher for Black and Hispanic borrowers than other racial groups. The CNYCN will use the insights to design programs that can increase Black homeownership and…
This story continues at The Next Web
Welcome to the 'The Fact Factory' friends. Its an interesting Hot Spot which brings to you amazing and little known facts from all over the world. So, sit back, take a tour around the world and enjoy the trivia.
No comments:
Post a Comment