Inequality could be good for housing markets.
A new analysis from LendingTree, an online loan marketplace, examined the nation’s 50 largest metropolitan areas to determine how equal—or unequal—their housing markets are. And as it turns out, the Midwest and Deep South are bastions of home price inequality.
Detroit had the highest “GINI Coefficient” of all the housing markets studied. The GINI Coefficient is a popular measurement to determine the level of economic inequality on a scale from 0 to 1, with 1 being completely unequal.
In Detroit, homes in the 95th percentile in terms of value were worth…