Recession Hit Blacks Hard: Housing Equity Has Plummeted, Taking Families' Wealth with It from the Pittsburgh Post-Gazette
"Most Americans' chief source of wealth is the equity in their homes, but the recent housing collapse has hit minorities particularly hard. Between 2005 and 2009, the median home equity value for black Americans fell from $76,910 to $59,000, a drop of nearly a quarter, according to the Pew Research Center."