Levels of Investor Lending Activity in Black-Majority Neighborhoods

Share of home purchase loans going to non-owner-occupants in Black-majority and other census tracts from 2004 to 2025 in percentages.

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Shares are unadjusted and do not control for home price, income, yield or housing stock. See the model charts for estimates with controls.

Chart: NCRCSource: NCRC analysis of HMDA and American Community Survey dataGet the data