Prof. Orfield Discusses Unequal Decline in Home Values on MPR

Professor Myron Orfield was a guest on Minnesota Public Radio in a piece entitled "Housing Market Decline Contributes to Increased Gap in Wealth Between Groups." Orfield said home values didn't drop equally across the board, and this affected families of color in north Minneapolis, Brooklyn Center and east Bloomington in particular. "If you buy in a Black neighborhood or a racially transitioning, inner-ring suburban neighborhood, the odds are you're not going to increase value," Orfield said. "You're going to, in many cases, experience negative value, and you don't build equity with negative value. Segregated and re-segregating markets don't gain value in the same way."