Dive Brief:

• How well a community sells could be related to the race of its potential buyers and of the neighbors who live nearby.

• A new study by Zillow revealed that black and Hispanic mortgage applicants are more than twice as likely than white borrowers to be denied credit.

• In addition, home prices in black and Hispanic neighborhoods fell further during the recession than they did in predominantly white and Asian communities, the survey said.

Dive Insight:

The disparities exist, in part, because black and Hispanic loan applicants earn an average of $20,000 a year less than white mortgage candidates, according to Zillow Chief Economist Stan Humphries. Still, he said, the outlook for minority communities is good this year, as home values are expected to increase.