Black Americans are being priced out of the pandemic housing boom
By Chauncey Alcorn Everett Benyard thought he was finally in a strong enough financial position toĀ purchase his first homeĀ earlier this year. He’d saved money by living with his parents for a time and secured a higher-paying job in 2020. But the 30-year-old San Diego corrections officer hasĀ struggled to competeĀ in one of the country’sĀ hottest real estate markets, where the median home price on single-family houses reachedĀ $860,000Ā in July, according to the California Association of Realtors. “I was just getting outbid, outbid big,” Benyard told CNN Business during a recent phone interview. “I went and saw many different places. … I would go