![A man is detained after his arrest for vandalizing a NYPD car in Times Square as the beating video of Tyre Nichols is released on January 27, 2023 in New York City.](https://www.brookings.edu/wp-content/uploads/2024/06/2023-01-27T000000Z_1781581685_MT1NURPHO000W1U0KG_RTRMADP_3_NY-TYRE-NICHOLS-POLICE-BEATING-VIDEO-RELEASED-1.jpg?quality=75&w=500)
![A man is detained after his arrest for vandalizing a NYPD car in Times Square as the beating video of Tyre Nichols is released on January 27, 2023 in New York City.](https://www.brookings.edu/wp-content/uploads/2024/06/2023-01-27T000000Z_1781581685_MT1NURPHO000W1U0KG_RTRMADP_3_NY-TYRE-NICHOLS-POLICE-BEATING-VIDEO-RELEASED-1.jpg?quality=75&w=500)
9:30 am EST - 11:30 am EST
Past Event
9:30 am - 11:30 am EST
1775 Massachusetts Avenue N.W.
Washington, DC
20036
According to new research from the Brookings Metropolitan Policy Program and Gallup, in the average U.S. metropolitan area, homes in majority-black neighborhoods are valued at roughly half the homes in neighborhoods with no black residents, amounting to $156 billion in cumulative losses, lower levels of wealth accumulation among black homeowners, and reduced upward economic mobility for black children. The report, “The devaluation of assets in black neighborhoods: The case of residential property,” by Andre Perry, Jonathan Rothwell, and David Harshbarger, finds that this devaluation is caused by racial bias.
On Wednesday, December 5, the Brookings Metropolitan Policy Program and Gallup explored these findings as part of an event, Homeownership while black: Examining the devaluation of assets in black neighborhoods. Following a presentation on the research, two panel discussions discussed possible implications on advocacy efforts and policy reforms.
Following the panel discussions, speakers took questions from the audience.
Panelist
Howard Henderson
June 27, 2024
Andre M. Perry, Manann Donoghoe
June 26, 2024
2024
The Brookings Institution, Washington DC
10:00 am - 11:00 am EDT