Latino Communities Were Hit Hardest By The Housing Bubble And Bust
Hispanic communities were hit hardest by the housing boom and subsequent crash, according to a new analysis from Zillow.
Home values in areas where Hispanics are the biggest share of the population saw home values fall 46.2 percent from the height of the bubble to the bottom of the bust. Black communities were also hit hard, with values dropping 32.3 percent. Whites, on the other hand, saw a drop of 23.6 percent, and Asians experienced a 19.9 percent decline.