Jun 26, 2020

Black Americans are far more likely to be denied a mortgage

A house for sale in Seattle. Black homeownership rose slightly in 2019, but mortgage denial rates were still much higher — 16% for Black applicants compared to 7% for white borrowers. Stephen Brashear/Getty Images for Redfin

Plus: Facebook's about-face on ads and Texas' influx of Californians.

Segments From this episode

Race and Economy

Black applicants are more likely to be denied mortgages, study finds

by Amy Scott

Jun 26, 2020

And that's one reason for the persistent homeownership gap.

A house for sale in Seattle. Black homeownership rose slightly in 2019, but mortgage denial rates were still much higher — 16% for Black applicants compared to 7% for white borrowers.

Stephen Brashear/Getty Images for Redfin

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People still leaving California for Texas despite COVID-19 surge

by Andy Uhler

Jun 26, 2020

The reasons for relocation include the lower cost of living, bigger houses for less money and more conservative politics.

Demonstrators call for the reopening of Texas at the state Capitol in April. Politics is one reason some Californians relocate to Texas.

Sergio Flores/Getty Images

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More advertisers are joining the Facebook boycott

by Kristin Schwab

Jun 26, 2020

A number of civil rights groups are calling on companies to press pause on Facebook and Instagram advertising.

Facebook CEO Mark Zuckerberg speaks at a conference in 2018.

Justin Sullivan/Getty Images

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COVID-19

Consumer spending rises — for now

by Justin Ho

Jun 26, 2020

An 8% uptick in May follows a 20% drop over March and April. That's the good news. There are plenty of potential economic blows on the horizon.

Consumer spending in the United States shot up a record 8.2% in May, but it doesn't mean recovery is on the way.

Spencer Platt/Getty Images

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Music from the episode

Life in the Tropics Cienfue

Blow Beyoncé

C.R.E.A.M. Wu-Tang Clan

Drive Incubus

Pick Up Bonobo

1 Thing Amerie

The team

Nancy Farghalli Executive Producer

Maria Hollenhorst Producer II

Sean McHenry Director & Associate Producer II

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