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Comfort Boateng sorts through two large boxes of mortgage and financial papers. Photo: Michel du Cille/The Washington Post via Getty Images

A significantly smaller percentage of African Americans owned a home in 2017 than white Americans, according to an annual report from Harvard's Joint Center for Housing Studies — only 43%, compared to 72% of their white counterparts.

The big picture: The Washington Post's Jonnelle Marte reports that despite the housing market making progress in recovery from the financial crisis, the gap between white and black households is still there.

Between the lines: Chief economist of Veritas Urbis Economics, Ralph McLaughlin, told the Post that there is an extensive history of African Americans being hindered from owning homes by unfair housing policies.

  • Since the financial crisis, banks and other loan lenders "added more consumer protections and raised the qualifications for mortgages," the Post reports, which "resulted in an overcorrection that made it especially difficult for people of color...to break into the market."

Go deeper

Journalism enters dangerous new era

Illustration: Brendan Lynch/Axios

The Capitol attack on Jan. 6 resulted in at least nine physical assaults against journalists and at least five arrests, per the U.S. Press Freedom Tracker's top editor.

Why it matters: President Trump's harsh rhetoric towards the press has empowered leaders abroad and locally in the U.S. to continue to attack press that they don't like.

Ben Geman, author of Generate
3 hours ago - Politics & Policy

The beginning of the beginning for Biden's climate push

Illustration: Annelise Capossela/Axios

Joe Biden's inauguration and the days right after will bring a rat-tat-tat burst of climate policy moves, but keep this in mind amid the splashy pledges: pushing through most of his agenda will be a long, uncertain slog.

Why it matters: Biden's climate plan is far more expansive than anything contemplated under President Obama. But for all the immediate pledges, it will take years to see how far Biden gets.

Dion Rabouin, author of Markets
4 hours ago - Economy & Business

Biden's inflation danger

Illustration: Sarah Grillo/Axios

President-elect Joe Biden's $1.9 trillion stimulus proposal has economists and bullish market analysts revising their U.S. growth expectations higher, predicting a reflation of the economy in 2021 and possibly more booming returns for risk assets.

Yes, but: Others are warning that what's expected to be reflation could actually show up as inflation, a much less welcome phenomenon.