Who Owns Newark? Transferring Wealth from Newark Homeowners to Corporate Buyers — Rutgers Law School Center on Law, Inequality and Metropolitan Equity
Description
This report shows that the national trend in investor buying of 1-4 unit
homes in predominantly Black neighborhoods is most acute in Newark, New
Jersey where almost half of all real estate sales were made by
institutional buyers. The trend grew out of the foreclosure crisis that
wiped out signif