To discuss race and real estate, we must go back to the beginning of white land use in America, when the South was a slave-based economy.
Institutional racism didn't end in 1865. The present racial disparity is the result of segregation policies starting with black codes, then Jim Crow; some that lasted well into the 1970s, others that have been created since and are in place today
Nate Salsbury's Slavery Spectacular! Showed off the “Fun-Loving Darky of Old Slavery Days.” Really. So began revisionist history and nostalgia for the antebellum South.
A rather random list of books and movies about slavery, I know, but It's my list. If you want a longer list, google it.
If the Federal Army had stayed in the South longer, if the Reconstruction had lasted longer, if America didn't experience the century-long setback that came after the Federal Army left, what would black history look like now?
The Meridian race riot of 1871 illustrates the battles between freedmen and the KKK and other white supremacists in the South during the Reconstruction era.
Then, in 1875, federal army and the carpetbaggers leave, the KKK wins, Black Codes are put in place and the Jim Crow era begins. The Reconstruction is barely even mentioned in history textbooks.
White Slaveholders, Black slaveholders, gradualists, immediatists, persuasive abolitionists,moral abolitionists and those who wanted all blacks shipped to Liberia -- they covered a broad spectrum of opinions that ranged from pro slavery to unconditional freedom.
Before the abolition of slavery, freedom didn't mean the same thing for free people of color as it meant for whites. There were lots of formal and informal restrictions.
In good history education, the focus is not the war itself. (In this case the American Civil War.) It's why it was fought, the effects of a war on the following years, decades, centuries, and most importantly, what we learned from it.