Minorities Increasingly Use Subprime Mortgages - 2004-03-25
Racial minorities in Hampton Roads have significantly increased their use of more expensive subprime mortgages when purchasing a home, a consumer advocacy organization said in a study of lending in more than 100 metropolitan areas.

In addition, African-Americans and Latinos in the region and the nation are much more likely than whites to resort to subprime loans, even when adjusting for the applicants' income.
Read the full story at Miami Herald

Housing slowdown? Nope - 2004-03-25
Every indicator seems to be suggesting yet another healthy year for the housing market.

New home sales increased 5.8 percent in February, according to a report released by the Commerce Department on Wednesday. It was the third highest increase on record.

Low mortgage rates, healthy income growth and solid house price appreciation continue to bode well for housing demand, said NAHB chief economist Dave Seiders in a press conference Wednesday.
Read the full story at CNN