Homeownership
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ATLANTA, June 13, 2022 /PRNewswire/ — Leveraging funds provided in part by MacKenzie Scott’s transformational donation, Habitat for Humanity International is launching a new initiative to address the racial homeownership gap—which now stands at nearly
Read next: Wells Fargo’s Black approval rate improves, but racial gap persists In March 2020, Wells Fargo fell into hot water after Bloomberg found that the lender had rejected more than half of its Black applicants in the mortgage refinancing boom – the worst record among big lenders. In contrast, Wells Fargo approved 72% of White […]
May 9 (Reuters) – Three small beds, two dressers and baskets full of clothes and other items cram a bedroom shared by three of Dontrael Starks’ children in the family’s Denver, Colorado, home. Another child, who is autistic, has her own bedroom. “We are pretty much on top of each other. We’ve just grown out […]
In a housing market with mortgage rates hitting 5 percent and real estate investment companies looking to take advantage of surging rent prices, homeownership is becoming increasingly difficult for Black Americans, who have long faced discriminatory practices. “The housing gap” between white and Black household ownership in the U.S. is “about as wide as it’s […]
Black Homeownership Declines as Overall Rate Rises Route Fifty Source link
This story is part of the Oakland Home Histories series, which explores residential buildings and the people who’ve lived in them. Want us to feature your home? Let us know. Voleine Amilcar was in her late twenties when she and her husband Tim Suttle bought a condo in downtown Oakland. They loved it. Then they had two kids […]
The Black homeownership gap in Albany When the Fair Housing Act of 1968 was signed into law, it prohibited home sale discrimination based on race—a huge step forward for Black Americans and other minorities. At that point in history, minority groups regularly faced clear, outright discrimination regarding the selling, rental, or financing of housing, and […]
The U.S. homeownership rate had its largest-ever annual increase in 2020, according to a recent report from the National Association of Realtors (NAR). However, mirroring historical trends, White families became homebuyers at a much higher rate than racial minorities, specifically Black families, during that time . . .
HUD No. 22-029HUD Public Affairs(202) 708-0685 FOR RELEASEThursdayFebruary 24, 2022 STATEMENT FROM SECRETARY MARCIA L. FUDGE ON BLACK HOMEOWNERSHIP REMAINING LOWER THAN A DECADE AGO DESPITE THE U.S. HOMEOWNERSHIP RATE EXPERIENCING LARGEST ANNUAL INCREASE ON RECORD WASHINGTON – U.S. Housing and Urban Development Secretary Marcia L. Fudge on Thursday released the following statement on the […]
CNN — Even as home prices have skyrocketed during the pandemic, homeownership continues to grow. But the rate of home buying has not increased at the same pace for all Americans, according to a new report from the National Association of Realtors.