The Case-Shiller housing price index notched another solid gain last week, but Ramon Suero didn’t catch the news. While economists were trumpeting data showing housing prices shooting up across the country, Suero was in Boston Housing Court, fighting off a government-owned mortgage company’s efforts to throw his family into the street.
The housing market may be rebounding nicely in many corners of the country, but Uphams Corner in Dorchester is not one of them. Suero bought the condominium he’s fighting to hold on to in 2005, for $283,000. Today, the home is worth less than one-third that sum. Suero is far from unique in that respect. Across Massachusetts, wealthy towns are as wealthy as ever, while those cities hit hardest by the housing crash have found recovery to be illusory. If housing is bouncing back, it’s doing so in an unstable, highly unequal manner. Housing’s recovery is comforting the comfortable, and leaving the marginalized behind.