BROOKINGS INSTITUTE: THE GREAT REAL ESTATE RESET
Published on Feb 14, 2021
"We are now at a tipping point where our households and our housing
inventory have become a round peg struggling to fit in a square hole.
Multigenerational and mixed family households have
become more common, as Americans are increasingly “doubling up” to
reduce housing costs.
In predominantly catering to the traditional nuclear family,
the real estate industry is continuing to serve the interests of white
households over Black and brown households, for whom the suburban
single-family home is often more a symbol of profound exclusion than
something attainable . . . Over 6 million Black and brown millennials would be considered mortgage-ready if there was any attainable product for sale in prime locations."