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Homes in black neighborhoods twice as likely to be underwater as white neighborhoods (access required)

Homeowners in predominantly black communities are twice as likely to be underwater on their mortgages as homeowners in mostly white communities, according to a new Zillow analysis. Nationally, the negative equity rate in the third quarter of 2016 was 10.9 percent. In Census tracts where the majority of residents are black, the negative equity rate was ...

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