Details about this story

• Source: New York Times
• Date: February 22, 2006
• URL: Read the story
• Bylines: Vikas Bajaj , Ron Nixon
• Topics: Real Estate
• Data Types: Federal Data
• Description/Excerpt: The housing boom of the last decade helped push minority home ownership rates above 50 percent for the first time in 2004 and the overall foreclosure rate below 1 percent. But hidden behind such success stories lies a disturbing trend: in the last several years, neighborhoods with large poor and minority populations in places like Cleveland, Chicago, Philadelphia and Atlanta have experienced a sharp rise in foreclosures, in some cases more than a doubling, according to an analysis of court filings and other housing data by The New York Times and academic researchers. The black home ownership rate even dipped slightly last year, according to the Census Bureau.
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