the housing market crashed on december 30, 2008.
when did the housing market crash in 2008?
december 30
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there is an existence of a dual housing market that results in unequal housing opportunities for different populations of people. the basis of the dual housing market model is that similar housing opportunities are available to different racial groups at different prices. there are many explanations for the existence of a dual housing market. one theory explains the dual housing market through racial steering. this occurs when real estate brokers steer their clients to specific geographic locations of available housing based on race. although racial discrimination in housing market processes is outlawed by several court decisions and legislation, there is evidence that it still occurs. for example, an hud housing market practice survey found that african americans felt discriminated against in the renting and/or buying process of housing. institutional factors, such as realtor agencies withholding housing information or financial institutions denying mortgages, further perpetuate the effects of the dual housing market model.
housing segregation in the united states