Asian (27%), Hispanic (24%), Black (20%), and white (15%) prospective homebuyers surveyed say they have not yet bought a home mainly because they are waiting for prices to decline. Click through to find out more from the National Association of Realtors.
Read More »Affordability Challenges Hindering Prospective Homebuyers
Two new studies from the National Association of Realtors show that elevated home prices and limited housing supply are continuous homebuying barriers cited across different races and ethnicities, hampering home sales and affecting prospective buyers nationwide.
Read More »Renters of Color Pay Higher Security Deposits, Application Fees
According to a new report from Zillow, renters of color are more likely to pay higher upfront costs when applying for a rental compared to white renters, while Black and Latinx renters were nearly twice as likely to submit multiple rental applications before securing a lease.
Read More »Increased Buying Challenges for People of Color
According to a new report from the National Association of Realtors, people of color nationwide are facing homebuying challenges, while the Asian American rate of homebuying difficulty reaches all-time high.
Read More »Programs Working to Narrow Racial Homeownership Gaps
A Harvard University study revealed people of color are far less likely to own their homes than whites nationwide, as newly established special purpose credit programs aim to address policies and practices that have restricted homeownership by Black, Indigenous, and other minority households.
Read More »Report Examines Barriers Standing in the Way of Black Homeownership
“It is the sacred duty of community leaders, policy makers, and financial industry specialists to lift communities so that all children can thrive and grow up with opportunities for good health, wealth, and happiness in their lives,” said NAREB President Lydia Pope.
Read More »Higher Interest Rates Spell Disaster for Racial Housing Gaps
According to Urban Institute authors Michael Neal and Daniel Pang, the current environment of rising interest rates has important implications for the wealth gap between white and Black ...
Read More »New Policies Could Help Close Racial Wealth Gap
The single-family home has been the main driver of wealth building among the middle class and that ideology has affected policy in one way or another in seeming ...
Read More »Analyzing Racial Disparities in Homeownership
It is no secret that the COVID-19 pandemic affected nearly every facet of the economy and the people that live in it. But the pandemic didn’t affect everyone ...
Read More »Higher Application Fees and Security Deposits for Renters of Color
Finding a place to rent is harder than anytime since 1984 as the low number of available units means that each available unit is receiving multiple applicants. While ...
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