Discrimination Seeps Into Every Aspect of Home Buying for Black Americans
Written by Black Hot Fire Network on March 26, 2023
The disparity in homeownership rates, as well as widespread appraisal discrimination, are compounding the massive income gap between Black and white households and thwarting Black Americans’ efforts to create generational wealth, the report notes. In 2020, the average white family held 12 times the wealth of the average Black family, and home equity is the largest source of wealth for both Black and white households, the report says.
“Discrimination and . . .
