Black Americans left behind during pandemic homeownership boom
In its latest study, the National Association of Realtors explained how discrimination, income inequality and skyrocketing housing costs are keeping Black Americans behind
by Marian McPherson Feb 23
Black Americans can afford only 20% of housing stock: NAR
A new study reveals how market conditions during the pandemic have made it harder to close racial homeownership gaps, as minorities tend to earn less than their white counterparts
by Marian McPherson Feb 7
Homeownership gap between white and Black Americans is widening
In the first quarter of 2021, the homeownership rate among Black Americans was 45.1% compared to 73.8% among white Americans, according to a new survey from Redfin
by Libertina Brandt Jun 30
Equity gains for Black owners are progress, but more work is needed
Opinion
The home equity gains made by Black homeowners in recent years are worth celebrating, but there's a long way to go. Here are a few ways the industry can help
Citi pledges to serve more minority homebuyers
The lender is expanding access to HomeRun and Lender Paid Assistance mortgage programs, two loan products that can be important tools for minority borrowers in low- and moderate-income neighborhoods
by Matt Carter Apr 27
Chase expands its homebuyer grant program for minorities
Chase Bank launched its revamped Homebuyer Grant program, which will provide a $5,000 grant for qualified buyers in majority Black communities
by Marian McPherson Feb 24
Homeownership rate for Black Americans lags behind at 42%
The National Association of Realtors' latest report revealed the systemic issues in housing, education, and jobs keeping minority homebuyers behind
by Marian McPherson Feb 18
New program aims to increase number of Black real estate agents
HomeLight and the National Association of Real Estate Brokers have partnered to launch a new initiative that will provide financial resources and a year of mentorship and training for aspiring Black agents
by Marian McPherson Feb 9
US homeownership rate hits near 12-year high — or did it?
New data from the Census Bureau indicates that the homeownership rate surged to its highest point since the third quarter of 2008, but a change in data collection methodology may have impacted the results
by Lillian Dickerson Jul 28
NAR releases 5-point plan to bolster homeownership amid pandemic
The National Association of Realtors' plan calls for expanding down payment assistance programs, improving FHA loans and alternative credit scoring models
by Marian McPherson Jun 18