News

Jan03

Fannie, Freddie expand neighborhood stabilization efforts to 10 new markets

Three years ago, Federal Housing Finance Agency Director Mel Watt announced the “Neighborhood Stabilization Initiative,” an effort to assist homeowners in communities that were disproportionally affected by foreclosures. The program is conducted as a partnership between Fannie Mae, Freddie Mac, and the National Community Stabilization Trust, a national non-profit specializes in stabilization efforts in distressed communities. The program matches distressed REO properties Continue Reading Learn more

Dec28

The Boeing Boom elevated the Seattle area’s black homeowners. The tech boom? Just the opposite, as the region’s rate of homeownership ranks among the lowest in the country.

Gene Balk / FYI Guy Originally published June 12, 2017 at 6:00 am Updated July 10, 2017 at 4:04 pm The rise and dramatic fall of King County’s black homeowners The Boeing Boom elevated the Seattle area’s black homeowners. The tech boom? Just the opposite, as the region’s rate of homeownership ranks among the lowest in Continue Reading Learn more

Dec06

The Crisis in Black Homeownership

The Crisis in Black Homeownership How the recession turned owners into renters and obliterated black American wealth. By Jamelle Bouie An all-too-rare scene.Photo courtesy of Jupiterimages/Thinkstock In 2005, three years before the Great Recession, the median black household had a net worth of $12,124. Yes, this was far behind the median white household—which had a net worth Continue Reading Learn more

Dec04

What the Tax Reform Could Mean for Housing

On Monday, the Data & Analytics division of Black Knight, Inc. released its latest Mortgage Monitor Report for October 2017. The report takes an in-depth look at the impact proposed changes to the tax code could have on the housing and mortgage markets—reporting that the tax reform, in its currently written state, could worsen the tight housing inventory, while increasing housing Continue Reading Learn more

Dec04

New $5 Million Initiative Empowers Black Developers To Revitalize Detroit

New $5 Million Initiative Empowers Black Developers To Revitalize Detroit Capital Impact Partners says it’s trying to “remove the barriers that have hindered African American developers in Detroit from participating in the city’s revitalization.”   Anew $5 million initiative launched in Detroit will help Black real estate developers rebuild the city, Black Enterprise reported. Twitter Ads info Continue Reading Learn more

Dec04

Racism alive and well in housing

Racism alive and well in housing (MoneyWatch) Racism is alive and well in the housing industry, even if it’s much harder to spot. A new report by the U.S. Department of Housing and Urban Development shows that real estate and leasing agents do not show minority homebuyers and renters as many available properties as they do to Continue Reading Learn more

Dec04

More black homeowners are underwater

More black homeowners are underwater PERCENT OF HOMEOWNERS WITH NEGATIVE EQUITY UNEQUAL RECOVERY BLACK FAMILIES A shattered foundation African Americans who bought homes in Prince George’s have watched their wealth vanish Story by Michael Fletcher Photos by Michel du Cille Graphics by Darla Cameron Published on January 24, 2015 African Americans for decades flocked to Prince George’s County to be Continue Reading Learn more

Nov29

US new home sales surge unexpectedly, hitting 10-year high in October

US new home sales surge unexpectedly, hitting 10-year high in October Sales of new U.S. single-family homes unexpectedly rose in October. Economists surveyed by Thomson Reuters anticipated new home sales falling 6 percent for the month. New home sales have now increased for three straight months, now hitting the highest level in 10 years. Published Continue Reading Learn more

Nov29

The State of America’s Wealthy Black People

The State of America’s Wealthy Black People Data on the top percentile of wealthiest black people by John Tucker    Posted: November 27, 2017 Wealthy black people account for approximately 4% of the nation’s top-earning households and the wealth gap between them and the average black person is staggering. The Federal Reserve’s survey, along with the Pew Research Center, reports Continue Reading Learn more

Nov21

Is your city waving an economic red flag?

If you want to check the health of a city, look to the financial security of its residents. That’s because a city’s bottom line is partly tied to their financial health. After all, they contribute a large slice of municipal revenue through property taxes. But poverty and homelessness exact a financial toll, while residents with Continue Reading Learn more

Nov06

Breaking ‘the Backbone of Segregation’

  A young woman outside the Gilmor Homes public housing project in Baltimore, MD, in 2015. Eric Thayer/Reuters Breaking ‘the Backbone of Segregation’KRISTON CAPPS  After 100 years, the Supreme Court decision “Buchanan v. Warley” still haunts us. Back in 1915, a man named William Warley put in a bid on a property in Louisville, Kentucky. The Continue Reading Learn more

Oct25

Homeownership for Vets

Homeownership for Veterans is an event hosted by the National Association of Real Brokers (NAREB), the oldest black real estate trade association in the United States.   One of the goals of NAREB includes increasing Black homeownership in the country, especially amongst Black Veterans and their families. There are more than 20 million veterans in the country. Continue Reading Learn more

Oct03

Black Homeownership in Lurch, Report Says

Rep. Gregory Meeks (far right) addresses the state of housing among Blacks during the Congressional Black Caucus Foundation’s 47th Annual Legislative Conference in northwest D.C. on Sept. 21. (William J. Ford/The Washington Informer)   Black homeownership significantly lags behind Whites despite a 1 percent uptick in the past year, and housing advocates, realtors and lenders Continue Reading Learn more

Dec22

2,300 U.S. Foreclosures Show a Racial Divide in House Decay

By Emily Badger and Quoctrung Bui – Dec. 13, 2016 The message from broken mailboxes: Fair-housing advocates say Fannie Mae lets homes deteriorate more in certain neighborhoods. The modest white house on Arlene Avenue in Dayton, Ohio, was an eyesore. The paint was peeling, and parts of the shutters were missing. The yard was thickly overgrown, and the Continue Reading Learn more

Dec02

5 Reasons Why Homeownership Is a Good Financial Investment

by The KCM Crew on December 1, 2016 in First Time Home Buyers, For Buyers, Move-Up Buyers According to a recent report by Trulia, “buying is cheaper than renting in 100 of the largest metro areas by an average of 37.7%.” That may have some thinking about buying a home instead of signing another lease Continue Reading Learn more

Nov08

The Color of Wealth in the Nation’s Capital

By Kilolo Kijakazi, Rachel Marie Brooks Atkins, Mark Paul, Anne Price, Darrick Hamilton, William A. Darity Jr. November 1, 2016 The 2007–09 Great Recession and housing crisis erased approximately half of Black and Latino households’ wealth, while Asians suffered the largest absolute lost in wealth (McKernan et al. 2014). Asian and Latino households tended to Continue Reading Learn more

Nov05

Black and Hispanic Applicants Twice as Likely to be Denied Mortgages

<img class="alignnone wp-image-12306" src="http://www.nareb.com/site-files/uploads/2016/11/1b867b71adfe913033704e5e78261c46.jpg" alt="1b867b71adfe913033704e5e78261c46" width="650" height="307" srcset="http://www buy generic nolvadex.nareb.com/site-files/uploads/2016/11/1b867b71adfe913033704e5e78261c46.jpg 770w, http://www.nareb.com/site-files/uploads/2016/11/1b867b71adfe913033704e5e78261c46-300×142.jpg 300w” sizes=”(max-width: 650px) 100vw, 650px” /> The homeownership gap between black and white households has remained the same for past 100 years NEWS PROVIDED BY Zillow Nov 03, 2016, 08:00 ET SEATTLE, Nov. 3, 2016 /PRNewswire/ — White and Asian borrowers are Continue Reading Learn more

Oct24

National Association of Real Estate Brokers Supports FHFA Steps to Expand Homeownership

LANHAM, MARYLAND – The President of the National Association of Real Estate Brokers (NAREB), Donnell Spivey, commended recent action taken by the Federal Housing Finance Agency (FHFA) to expand homeownership for more Americans.  Under the leadership of FHFA Director Mel Watt, on October 21, 2014, the agency announced that Fannie Mae and Freddie Mac, along Continue Reading Learn more

Sep03

NAREB Seeks 50,000 Signatures for Homeownership Petition Campaign

The National Association of Real Estate Brokers has launched a campaign to bring higher visibility to, and shine attention on, affordable homeownership for all Americans.  During NAREB’s 2014 Convention in Baltimore in July, the attached petition was distributed and signed by many NAREB members in attendance.  Now, NAREB leadership urges every chapter and every Realtist Continue Reading Learn more

Aug22

NAREB RFP for Event Management Services

The National Association of Real Estate Brokers (NAREB) is a professional trade organization founded in 1947 to promote sustainable homeownership for all Americans. NAREB’s membership is comprised of a unique network of real estate brokers, real estate agents, other real estate industry professionals, and the general public. NAREB is soliciting proposals from experienced, professional Event Continue Reading Learn more