Black Americans are being priced out of the pandemic housing boom

But the 30-year-old San Diego corrections officer has struggled to compete in one of the country’s hottest real estate markets, where the median home price on single-family houses reached $860,000 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 see something and the day after, it would be off the market.”Benyard is one of many Black Americans who are being disproportionately priced out of pandemic-fueled housing boom.Before the pandemic, the Black homeownership rate in America was slowly but steadily rising — a

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