“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.
Read More »On Race, Homeownership, and Wealth Inequality
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 ...
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 »NAR Report: People of Color Continue to Face Adversity
Black Americans were found to be less well off than their peers of other colors in a number of areas.
Read More »Racial Disparities Found in Servicing, Lending, & Credit Access
The wealth gap among Americans widened dramatically after the housing market collapse. This placed many black homeowners at a huge economic disadvantage, leaving them with limited access to servicing, lenders, and credit. New research by the Social Science Research Council (SSRC) and the American Civil Liberties Union (ACLU) found that all households lost wealth from 2007 to 2009 at the height of the housing bust and recession. However, in 2009, median white household wealth ceased to decrease, while median black household wealth dropped steadily.
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