Blog

Apr09

Down Payment Assistance Focused on First-Generation Buyers Could Help Millions Access the Benefits of Homeownership

As the US population becomes older and more diverse, lagging homeownership rates for young households and households of color should cause concern. Homeownership is the primary way American families have built financial security—through long-term accumulated benefits of loan repayment, appreciation, and fixed housing costs. The resulting wealth can open opportunities for homeowners’ children, helping them fund education or become Continue Reading

Mar24

How the home appraisal gap makes homeownership more difficult and costly for Black families

It is well-documented that homes in Black neighborhoods generally appraise for less value than similar properties in predominantly white areas. There’s no single explanation for this disparity, which is the result of hundreds of years of history and policy — as well as social biases — but it’s clear that the appraisal gap has a tangible Continue Reading

Mar24

Real Estate Agents Urged to Apply for PPP Loans Before March 31 Deadline

  Industry Firms Collaborate to Help Expedite Application Process for Independent Contractors  Three industry firms are collaborating to help streamline the process for agents to apply for Paycheck Protection Program (PPP) loans in the coming weeks, urging independent contractors to apply immediately before the March 31 deadline, or before funding for the program could potentially run out. Continue Reading

Mar18

To Help Black Developers, Programs Start With Access to Capital

Several banks have announced initiatives totaling billions of dollars that are aimed at addressing racial inequalities, but observers say the programs need to be carefully tailored. For 15 years, Harvey Yancey has been building and renovating market-rate homes, affordable housing and commercial spaces in Washington, D.C. During that time, his company, H2DesignBuild, has navigated funding Continue Reading

Mar09

Realtists help Black Americans achieve homeownership

You’ve heard of a Realtor before, but have you heard of a Realtist? Homeownership has served as a crucial stepping stone to the middle class and generational wealth. But it’s also been a hurdle for African Americans. Redlining, systemic failures and polices have long contributed to black Americans being shut out from obtaining this crucial Continue Reading

Feb11

A New Program Aims to Increase the Number of Black Real Estate Agents in the USA.

  According to the latest data from the U.S. Census Bureau, fewer than 6 percent of all real estate professionals are Black, compared to 74.6 percent who are White and 8.79 percent who are Hispanic. This statistic stood out to Antoine Thompson, the executive director of the National Association of Real Estate Brokers, or NAREB. After the Continue Reading

Feb11

Down Payment Resource Presents Beverly Faull Affordable Housing Leadership Award to NAREB

  NAREB honored for advocating for equal opportunity affordable housing Atlanta, GA, February 4, 2021 — Down Payment Resource (DPR) is proud to announce the National Association of Real Estate Brokers (NAREB) as the 2020 recipient of the Beverly Faull Affordable Housing Leadership Award. The award, named in memory of accomplished real estate veteran Beverly Faull, recognizes an Continue Reading

Feb10

HomeLight and the National Association of Real Estate Brokers Launch the Black Real Estate Agent Program to Support Aspiring Black Agents

Program is the first of its kind in the United States, providing financial, educational, and career support for aspiring Black real estate agents to help them achieve high-production success. HomeLight, the real estate technology platform that empowers people to achieve better outcomes when buying or selling their home, announced today the launch of the Black Real Continue Reading

Feb10

New program puts Black real estate agents at forefront

Up to $5,000 of licensing costs covered for participants in new NAREB program The National Association of Real Estate Brokers and HomeLight has announced the creation of its “Black Real Estate Agent” program to provide financial, educational, and career support for aspiring Black real estate agents. HomeLight is partnering with NAREB in this venture with the goal of ultimately improving the rate Continue Reading

Feb10

HomeLight and NAREB Launch Black Real Estate Agent Program ™ to Support Ambitious Black Agents

In July 2019, African-American home ownership reached historic lows in the United States, affecting neighborhoods, families, school quality, and generational wealth. Systematic racism has been oppressing black Americans for decades.Have seen the direct impact of Racist law and real estate lending policy..Along Prevent African Americans from buying a home where they want to liveBoth the government and Continue Reading

Jan21

The Next New Deal Must Be for Black Americans, Too

If Joe Biden hopes to enact an ambitious recovery agenda modeled on the New Deal, he must confront its racist legacy. For many Black and brown Americans, 2021 brought renewed optimism about advancing a racial justice agenda. With a new presidential administration, the racist despot will soon be removed, and the first African, Asian, Caribbean American and female vice Continue Reading

Jan18

10 Things You May Not Know About Martin Luther King Jr.

1. King’s birth name was Michael, not Martin. The civil rights leader was born Michael King Jr. on January 15, 1929. In 1934, however, his father, a pastor at Atlanta’s Ebenezer Baptist Church, traveled to Germany and became inspired by the Protestant Reformation leader Martin Luther. As a result, King Sr. changed his own name as well as that Continue Reading

Jan13

Past Housing Policies, Practices Contribute To Iowa’s Racial Homeownership, Wealth Gaps

White Iowans own their homes at nearly three times the rate of Black Iowans, one of the biggest racial homeownership gaps in the country. Nationally, this gap is wider than it was 50 years ago, because discriminatory housing policies and practices of the past and present are still hurting Black families and their ability to build generational Continue Reading

Jan12

Renters of color pay a premium for housing

Renters of color, especially Black Americans, often pay a “Black tax” — a premium for renting similar housing in the same neighborhoods as whites. Why it matters: A recent study found that Black tenants paid as much as 2% more in rent — a gap that widened if the area had a bigger population of white people. Higher Continue Reading

Jan11

Homeownership disparities a Minnesota blight

Minnesota Housing Finance Agency wants to cure it Minnesota has ranked among the worst states in terms of racial disparities in homeownership. The Minnesota Housing Finance Agency (MHFA) has made it a priority to mitigate those inequities and close the gap. “Minnesota’s homeownership disparities between White households and Households of Color has been persistent and continues Continue Reading

Jan11

“Vestiges of segregation”: US homeowners fight deeds that exclude buyers based on race

When Rachel Rintelmann closed on her Washington-area home a few years ago, something caught her eye: a paragraph in her deed had been crossed out with a quick X, written in pen. It restricted who could “use or occupy” the house, allowing “no person of any race other [than] the Caucasian race”. “I chuckled because Continue Reading

Dec30

Past Housing Policies, Practices Contribute To Iowa’s Racial Homeownership, Wealth Gaps

White Iowans own their homes at nearly three times the rate of Black Iowans, one of the biggest racial homeownership gaps in the country. Nationally, this gap is wider than it was 50 years ago, because discriminatory housing policies and practices of the past and present are still hurting Black families and their ability to build generational Continue Reading

Dec15

The Benchmark: Episode six

For this episode, Blend CEO and co-founder Nima Ghamsari met with Antoine Thompson, executive director of the National Association of Real Estate Brokers (NAREB), the largest and oldest organization of Black real estate professionals in America. The two had a wide-ranging discussion: how to narrow and eliminate the nearly 30% gap between Black and white homeownership in America and how technology can Continue Reading

Dec15

Along with the social justice aspects of fostering diversity in real estate, it makes sense from a financial standpoint as well

Along with the novel coronavirus, diversity and inclusivity are among the most notable social topics of the 21st century. Our world and its 7.6 billion inhabitants are more diverse than ever, yet inequality and racial discrimination are unfortunately rampant, in various forms. The real estate industry is no exception.  In fact, the problem of inequality exists within Continue Reading

Dec07

Black Millennials fueled a surprising 2020 home-buying surge for African Americans

New York (CNN Business)Owning a home was never a priority for Kenyan immigrant Lynne Poole or her husband, Aaron prior to 2020. The newlyweds, like many Millennials, enjoyed the lifestyle that came with renting an apartment in a major city — in their case, Denver. Lynne, 31, moved there in 2016 to earn her master’s degree in communications Continue Reading