Tag Archives: Black Homeowners

A new report from LendingTree reveals that Black homebuyers are still more likely to be denied a mortgage when compared to the overall population, with denial rates highest in popular metros like Miami, Detroit, and New Orleans.

Latino homeownership lagged 22 percentage points behind white homeownership in 2021 and experienced significantly higher mortgage denial rates than their white counterparts, according to Fannie Mae’s new Latino Housing Journey. Click through for more on the disparities Latino households face and policy solutions that could increase homeownership opportunities.

According to a new Zillow report, Black Americans' housing wealth has made strides, as the gap between the value of the typical Black-owned home and the typical U.S. home is the smallest it's been in the past two decades.

According to a new Apartment List report, the Black homeownership rate currently stands at 44% nationwide, as white homeownership continues to exceed Black homeownership in each metro analyzed.

“That said, it’s important to note that while these examples can shed some light on why homeownership rates are relatively low for Black people, they’re not all the reasons why a person who identifies as Black may struggle to become a homeowner,” said Jacob Channel, LendingTree’s Senior Economist.

“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.

Representatives Jim Himes (D-Conn.) and Gwen Moore (D-Wisc.) recently penned an open letter for Newsweek on how to make home ownership “inclusive and accessible for every American.”  Himes, ...

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 ...

The fact that housing and mortgage rates have done nothing but rise over the last year has hampered affordability across the board, but the impact on Black renters ...

Home ownership is the gold standard when it comes to safe investments, and for low-income residents it can be a reliable vehicle to build generational wealth.  But in ...