Unrest in Ferguson, Mo and the Affect on Real Estate. How Societal Issues Affect Real Estate

On November 24, 2014, a grand jury has just decide that it will not indict Darren Wilson, the police officer who fatally shot 18-year-old Michael Brown in Ferguson, Mo., this summer.

Protests over Brown’s death have been ongoing in Ferguson for months, and things definitely took a turn for the worse then the decision not to indict Darren Wilson.

Many residents in Ferguson were worried about public reaction once the grand jury announces its decision, and some have acted preemptively and moved from the area.

Ferguson is located on the outskirts of  St. Louis. About 20 minutes outside of downtown.

A couple of generations ago, Ferguson is where the wealthier residents moved in search of better schools and bigger houses then the inner city of St, Louis offered.

Nowadays, Ferguson is majority black. In Ferguson houses are more affordable than houses in suburbs farther away from the city.

According to a real estate agent in Ferguson, after the tragic death of Michael Brown no one was interested in buying property in the area, and the houses that were on the market were removed due to inactivity.

Residents and experts wonder if  there be a mass exodus from Ferguson?

Per an NPR article seen here

About Sir Ashley Harrison

Sir Ashley Harrison is a full-time real estate investor and non-practicing attorney. He does deals throughout the country.

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