News

Feb10

Realtors consider the barriers to the American dream faced by many Americans

By Donna Bryson “It is out there,” one said of housing discrimination. “It is up to us to take note of it and say something when you see it.”   The latest market report from the Denver Metro Association of Realtors shows what all buyers are up against. The median home sales price for January Continue Reading Learn more

Feb05

More black women starting businesses in Missouri

By John Pepitone KANSAS CITY, Mo. — Black women are the fastest growing group of business owners in the nation, according to the Federal Reserve Bank. And nowhere has more black women starting businesses than in Missouri. The bank study says black women have an increasing role in the growth of our economy, providing jobs Continue Reading Learn more

Feb04

The American Dream Remains Deferred for Black Millennials

By Stacy M. Brown The American Dream is described as a national ethos: a set of ideals in which freedom includes the opportunity for prosperity and success, and upward social mobility for the family and children, achieved through hard work in a society with few barriers. That’s the Wikipedia definition. For African American millennials, the Continue Reading Learn more

Feb02

Father and Son launched 450 Million Opportunity Fund

By: James Austin             Propel Opportunity Fund Inc. (www.propelopfund.com) is leading the charge with its preeminent qualified opportunity fund with its headquarters in Macon, Georgia. Propel Opportunity Fund was founded by, two-time National award winner, Frank Austin Jr. and co-founded by, Presidential Lifetime Achievement recipient, James Frank Austin III. Propel Continue Reading Learn more

Jan18

The Houston Black Real Estate Association turns 70, hosts gala

By: R.A Schuetz The Houston Black Real Estate Association turns 70 years old this year. Started in a time when racial discrimination in mortgage lending was legal and black Houstonians were not allowed to become realtors, HBREA made equal housing opportunity its founding mission. The organization says it is the oldest minority trade association in Continue Reading Learn more

Jan16

NAREB-Memphis celebrates 50 years, welcomes new president

By: Christin Yates The Memphis chapter of National Association of Real Estate Brokers (NAREB) recognized 50 years of outstanding service and contributions by its members and affiliates on Friday, Jan. 11, at the Holiday Inn-University of Memphis. The local chapter also installed 2019-2020 board members, including new president Cheryl Muhammad. “I think one thing that Continue Reading Learn more

Nov13

Black, Hispanic homeownership rates remain stuck below whites

By: Janna Herron  What was once the picture of the American dream may now be out of reach for many Americans. Here’s why. Darlene Easley doubted she could ever buy another home. In 2014, the 53-year-old African-American social worker lost her previous house to foreclosure after she went bankrupt over $245,000 in medical bills from Continue Reading Learn more

Oct30

Nation’s first black-owned shopping center celebrates 50 years

By: Jake Blumgart | This article originally appeared on PlanPhilly.   The shopping center on Broad and Oxford Streets might not look out of the ordinary to the average passersby. But that hasn’t stopped politicians from Richard Nixon to Barack Obama from staging rallies there. That’s because Sullivan Progress Plaza was the first shopping center in Continue Reading Learn more

Oct29

In Tampa Bay, gap is widening between white and black home owners

By: Susan Taylor Martin     Kelvin Jackson is pleased that the house he bought in St. Petersburg has an extra-wide driveway, big enough to park three cars. Shawna Ward likes that her new home in Largo is convenient to her job at the VA medical center and her daughter’s school. And Suzette Mignott is Continue Reading Learn more

Oct22

Meet The Women Who Lead The First African American-Owned Real Estate Crowdfunding Platform

By MeiMei Fox The Tulsa Real Estate Fund (TREF) was created to help individuals in low-income neighborhoods combat gentrification through making real estate investments at as low as $500. Ernestine Johnson and Johnetta G. Paye, Esq. both play an instrumental role at TREF, which is the first African American-owned real estate crowdfunding platform. Johnson is Continue Reading Learn more

Oct18

American Dream Of Homeownership Eludes Many Black People

  By: Tim Henderson Politicians and advocates have long touted homeownership as the best way to build wealth, saying that over the long term, home values go in only one direction: up. But since the dawn of the 21st century, that promise has been an empty one for many African-Americans. In nearly a fifth of Continue Reading Learn more

Oct15

Philadelphia Metropolitan Board of Realist hosts Community Wealth Building Day in Mt. Airy

MT. AIRY — While Northwest Philadelphia families often have a reputation for living in their own homes, some in Mt. Airy, Germantown and West Oak Lane are no longer homeowners. Some local residents desire to put down permanent roots but cannot seem to be able to purchase their own home. This is especially true for Continue Reading Learn more

Oct01

Much Left to Do for Homeownership

Editor’s Note: This feature originally appeared in the September issue of DS News. Every year since 1988, Harvard University’s Joint Center for Housing Studies (JCHS) has published an annual report entitled “The State of the Nation’s Housing.” Its 2018 edition, released on June 18, came during a year-long celebration of the 50th anniversary of the Continue Reading Learn more

Sep14

50 years of struggle: Realizing #DemocracyInHousing

By: BY REP. GREGORY MEEKS (D-N.Y.), OPINION CONTRIBUTOR — 09/13/18 02:00 PM EDT – THE HILL WASHINGTON – At the turn of the 20th century, my parents ventured north from their home in Rock Hill, S.C., as part of the “Great Migration” of African-Americans from the South to jobs in the North. My parents settled Continue Reading Learn more

Sep10

Michelle Singletary: Lessons learned 10 years after financial crisis

By: Michelle Singletary WASHINGTON – The bankruptcy filing of Lehman Bros. 10 years ago this month shot off a flare that signaled that an already weak economy was in deep trouble. Caught in the storm that led to the financial crisis were homeowners who found themselves underwater on their mortgages, meaning they owed more than Continue Reading Learn more

Aug16

Where Black Homeownership Is The Norm: Several Chicago suburbs are exceptions to the national trend.

By Tim Henderson OLYMPIA FIELDS, Ill. — Two decades ago, Frederick Veazey was drawn to this suburban idyll by the usual things: grass, peace and quiet, good schools. But in choosing where to raise his sons and daughter, the successful insurance broker also wanted something else. “We wanted our kids to grow up in a Continue Reading Learn more

Aug14

How racism kept black Tacomans from buying houses for decades

BY KATE MARTIN August 10, 2018 03:16 PM Updated August 11, 2018 09:30 AM Honorably discharged after serving in the Korean War, the young man looked to settle down in Tacoma with his wife. If only they could convince someone to show them a home. If they got to a house first, the real estate Continue Reading Learn more

Jul13

Harvard Study:  Housing Outlook Mixed

Harvard Study:  Housing Outlook Mixed (Part 1) By Timothy L. Coyle Consultant specializing in housing issues Tuesday, July 10th, 2018 When it comes to housing as a national matter, there’s good news and bad news.  At a minimum, it can be said that demographic changes – particularly the rise in household formation coming from expanding millennial Continue Reading Learn more

Jul13

Here’s why millions of millennials are not homeowners

The homeownership rate among millennials ages 25 to 34 is around 8 percentage points lower than Gen Xers and baby boomers was in the same age group. Student loans are one of the factors at play in deciding to put off settling down. Homeownership eludes millions of millennials. A new report by the Urban Institute, Continue Reading Learn more

Jul13

Report: Michigan sees greatest decline in black homeownership in nation

Violet Ikonomova Kevin Dickerson’s Detroit home was tax-foreclosed and sold in the Wayne County auction last year. The home had been built at his grandmother’s behest in 1950, at a time when black home ownership was extremely rare. African American homeownership has plunged further in Michigan than in any other state, from 51 percent in Continue Reading Learn more