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Houston Housing Crisis Hits Black Homeowners Hard
Description
Houston’s housing crisis is hitting hard: over half of renters spend more than 30% of their income on rent, while home prices climb faster than incomes. Homeowner insurance costs have surged 10% in a year, driven by extreme weather and repair bills. Black homeownership in the city is plummeting, fueled by rising costs, lack of generational wealth, and competition from institutional investors. While some Harris County areas outside the city saw gains, the urban struggle is stark — and getting worse.
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