News

Mar07

Money: Sobering Stats on African-American Financial Progress and Wealth

Late last year, The Washington Post wrote that African Americans were the only group that showed no economic improvement since 2000. sThey based their conclusions on CENSUS data. This year there was even more sobering news in a report by the Economic Policy Institute (EPI). The new study issued last week found “no progress” for Continue Reading Learn more

Mar05

Bias in Real Estate Topic At NAREB Meet

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Mar05

Real Estate Brokers Hear Plan for Fair Housing

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Feb28

The Early History of NAREB by W.D. Morrison Jr.

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Feb28

Minority Homeownership Continues to Lag, Reports Say

Researchers find disparity in rate of ownership between black families and white, especially in the Northeast and Midwest Overall U.S. homeownership rate rose to 64.2% in the fourth quarter of 2017, but some minority families have struggled to recover from the foreclosure crisis. PHOTO: JOE RAEDLE/GETTY IMAGES By Laura Kusisto Feb. 27, 2018 4:31 p.m. ET Minority Continue Reading Learn more

Feb27

50 years after the Kerner Commission

African Americans are better off in many ways but are still disadvantaged by racial inequality Report • By Janelle Jones, John Schmitt, and Valerie Wilson • February 26, 2018 The year 1968 was a watershed in American history and black America’s ongoing fight for equality. In April of that year, Martin Luther King Jr. was assassinated in Memphis and riots Continue Reading Learn more

Feb15

Kept out: Loophole in law for the poor spurs gentrification

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Feb12

5 Reasons To Promote Black Home Ownership In America.

(ThyBlackMan.com) After hitting a 50 year low in black home ownership during the housing crisis, the numbers are finally on the rise again. Still, nationally, a little more than 40% of African-Americans are home owners. Considering today’s market, we should be promoting black home ownership for many reasons including investing in our futures. Here are the top reasons to educate Continue Reading Learn more

Feb05

U.S. homeownership rate still lags recession years

A booming housing market and strong employment gains haven’t yet moved the needle much on a low U.S. homeownership rate. Minority homeownership rates remain disturbingly low, but generally homeownership trends ran a litter higher in 2017. The year ended with a national homeownership rate at 64.2 percent (or 64 percent seasonally adjusted), according to the Continue Reading Learn more

Jan30

Homeownership rate reaches highest level in three years

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Jan29

NAREB Past President Q V Williamson, and other NAREB Leaders with Rev. Dr. King

NAREB Past President Q V Williamson, and other NAREB Leaders with Rev. Dr. King at the San Francisco Airport after Dr. Kings Speech at the August 10, 1967 Convention at the Fairmont Hotel. #NAREB, #DEMOCRACYINHOUSING, Learn more

Jan17

The Cities Where African-Americans Are Doing The Best Economically 2018

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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