Blog

May22

Poor credit scores keep Gen Xers from entering the housing market

On average, Gen Xers owe more than $20,000 in student loan debt. A recent report from LendingTree reveals that although Gen Xers are now in their prime earning years, many are refraining from homeownership due to substantial debt. The report analyzed the credit profiles of Gen Xers who own homes and compared them with those Continue Reading Learn more

May15

Newly renovated homes on the market in north Minneapolis for under $200K

They have hardwood floors and stainless steel appliances. But with Avenue “N” in the address, are people buying these rehabbed homes? By: Kiya Edwards MINNEAPOLIS — Some home buyers overlook north Minneapolis. Not Julia Israel. Over the course of 20 years, Israel has owned a few different homes. All in north Minneapolis. “I like the Continue Reading Learn more

May06

For Some Cincinnatians, the Home Buying Process is an American Dream Deferred

By: Nick Swartsell Fewer black Cincinnatians own their own homes. The reasons why are complex — and some go back decades Buying a home is often framed as a quintessential part of the American dream. But data shows that the dream doesn’t manifest itself equally for everyone in Cincinnati. About 24 percent of black households Continue Reading Learn more

May05

The politics of home

By: Tiana Webb Evans Homeownership has always been fraught for black Americans. My teen son reminded me decor choices can be, too. When it came to flexing my muscle as a “picker,” a term used lovingly by design dealers to describe an expert in the art of acquiring vintage pieces, one of my big wins Continue Reading Learn more

May01

Black families have a dime for every dollar held by whites

By Charlene Crowell If you’re like me, every time you hear a news reporter or anchor talk about how great the nation’s economy is, you wonder what world they are living in. Certainly, these journalists are not referring to the ongoing struggle to make ends meet that so much of Black America faces. For every Continue Reading Learn more

Apr29

The Neighborhood Is Mostly Black. The Home Buyers Are Mostly White.

Nationwide, the arrival of white homeowners in places they’ve long avoided is jolting the economics of the land beneath everyone. RALEIGH, N.C. — In the African-American neighborhoods near downtown Raleigh, the playfully painted doors signal what’s coming. Colored in crimson, in coral, in seafoam, the doors accent newly renovated craftsman cottages and boxy modern homes Continue Reading Learn more

Apr26

Black, Hispanic Communities Still Feeling Legacy of Housing Crisis

By Mike Albanese A new report by Zillow states that 31.4% of all foreclosures that occurred between January 2007 and December 2015 occurred in predominantly black and Hispanic communities. According to the report, black communities accounted for 12.7% of foreclosures, and that number grew to 19.4% in Hispanic communities. Zillow further points out that homes Continue Reading Learn more

Apr17

Black real estate group focuses on community investment

By R.A Schuetz Tuliza Noela, a junior at Wisdom High School in Mid-West Houston, deliberated Thursday morning over her budget. She decided she would live with relatives instead of renting her own place, since the resulting savings could be applied toward a new car. Noela framed the decision as a matter of financial security. With Continue Reading Learn more

Apr12

Washington Post opinion: Neighborhoods can be gentrified without pushing out poor people

By Jesse Van Tol  | The Washington Post   Neighborhoods have been developing and changing since the dawn of civilization, but the idea of gentrification – when an influx of new money and new people transforms a community – has emerged as an issue since only the 1960s. And it is a complicated and often Continue Reading Learn more

Apr10

How black residents of Long Beach fought racist real estate policies and influenced a nation

By: Brian Addison “I can sympathize and empathize with the frustration, dismay and disappointment experienced in unsuccessful attempts to acquire housing in the bigoted ‘International City’ of Long Beach. I have not been able to rent an apartment after searching for almost three months—indubitably due to the fact that I am a Negro.” This is Continue Reading Learn more

Apr08

Poll: Public Overwhelmingly Believes Housing Affordability Should Be a Top National Priority

By: Opportunity Starts at Home WASHINGTON, DC, March 28 2019 – Today, the Opportunity Starts at Home campaign released the results of a national public opinion poll that it recently commissioned through Hart Research Associates. The vast majority of the public (85%) believes that ensuring everyone has a safe, decent, affordable place to live should Continue Reading Learn more

Apr02

African American homeownership rates on the decline in southeast Michigan as Fair Housing Month looms

By: Gina Joseph   Willie Davis is 33-years-old. He’s African American. And Davis, a Troy real estate agent, is looking to purchase a home in Clinton Township. In looking at homeownership rates among black households across southeast Michigan, he’s an exception, as are some of his clients, including Benjamin and Seane Pettis, who recently purchased Continue Reading Learn more

Mar21

In A Majority-Black City, Mortgages Go Disproportionately To Whites

Mayor Mike Duggan was happy enough about the city’s rising homeownership rate that he mentioned it in his State of the City address. Today, John Gallagher at the Free Press offers a sobering additional detail: White people make up just 10 percent of Detroit’s population but got nearly half of the home mortgage loans made Continue Reading Learn more

Mar12

It turns out Americans weren’t ready to become a nation of renters. Homeownership is back in

By Andrew Van Dam A funny thing happened on the way to the United States becoming a nation of renters: people started buying homes again. New data indicate that in 2016, in defiance of myriad prognostications, the decade-long decline in the homeownership rate abruptly reversed. Once-rapid growth in renter households stalled, and the long-stagnant number Continue Reading Learn more

Mar01

The ‘heartbreaking’ decrease in black homeownership

By Troy McMullen Racism and rollbacks in government policies are taking their toll. Vanessa Bulnes and her husband, Richard, bought their house on 104th Avenue in East Oakland, Calif., in 1992. The modest two-bedroom property is where they lived for 20 years, raising three children, and where Vanessa made a living running an in-home day-care center. Continue Reading Learn more

Feb28

How the New Deal Hardened Racial Wealth and Homeownership Inequities

By Rob Meiksins and Steve Dubb     February 22, 2019; Real News Network Homeownership in the US has long been stratified by race. The most recent figures from the US Census Bureau (as of September 30, 2018) find that nationwide the white homeownership rate is 73.1 percent compared to a Black homeownership rate of 41.7 Continue Reading Learn more

Feb16

Entrepreneur Who Just Opened Her 3rd Black-Owned Real Estate Company Within 5 Years to Become President of the NAREB

By BlackNews Tamairo Moutry, a very successful real estate broker/CEO has been appointed as the president of NAREB, the National Association of Real Estate Brokers – The Greater Milwaukee Chapter. Atlanta, GA — African-American real estate broker, mogul & CEO Tamairo Moutry, a Milwaukee, Wisconsin native has been in the real estate business since 2004, Continue Reading Learn more

Feb15

4 Reasons Why Real Estate Will Always be a Good Business

By Paul Shaw Real estate has been a cornerstone of most gigantic economies for a very long time. If you think about it, it makes perfect sense. It’s safer than plenty of the other options and it also offers a greater reward in the long run. While the real estate business suffered some major setbacks Continue Reading Learn more