Closing the Racial Ownership Gap: Is It Possible?

The gap between black and white homeownership is greater than it was prior to the Fair Housing Act passage in 1968. No major city has come near to closing the black-white homeownership gap in the U.S., either, even in majority black cities, according to data from the Urban Institute. The consequences of this pressing minority Continue Reading


How Closing The Racial Wealth Gap Would Change Black History

One of the more damaging aspects of Black history in America has been the lingering wealth gap along racial lines that disproportionately benefits white people. And while many people have offered up various solutions to first narrow and then close that persistent widening wealth gap between white folks and everybody else, the end goal has Continue Reading


How Near North came to be one of Minneapolis’ largest black communities

By Eric Hankin-Redmon The Near North community of Minneapolis—made up of the neighborhoods of Harrison, Hawthorne, Jordan, Near North, Sumner-Glenwood, and Willard-Hay—has had a major African American presence since the early 1900s. Distinguished by its own businesses, organizations, and culture, it remains a hub of African American Minnesotan life in the twenty-first century. Minneapolis’ Near North Side Continue Reading


How to finance solar panels for your home

By Holly D Johnson You may be wondering why more people are going solar these days, but it’s not hard to see why once you consider the financial — and environmental — benefits. Not only can adding solar panels to your home mean never having to pay an electric bill again, but the investment can Continue Reading


A.I. Could Be The New Play To Increase Minority Homeownership

By Kori Hale Artificial Intelligence and its inherent bias may not be as judgmental as previously thought, at least in the case of home loans. It appears the use of algorithms for online mortgage lending can reduce discrimination against certain groups, including minorities, according to a recent study from the National Bureau of Economic Research. Continue Reading


The History, Principles, and Symbols of Kwanzaa

By Signe Knutson Kwanzaa is a weeklong celebration held in the United States that honors African heritage in African-American culture. Kwanzaa is observed from December 26th to January 1st, and culminates in gift giving and a big feast.   The holiday is relatively new, compared to other holidays celebrated in the U.S. Dr. Maulana Karenga, professor Continue Reading


Conference to address decline of black homeownership

By Buck Wargo A national organization of real estate professionals is coming to Las Vegas in February to “declare war on the decline of black homeownership” and given the rates in Southern Nevada, it will be the perfect locale to spread that message. The midwinter conference of the National Association of Real Estate Brokers, the Continue Reading


Op-Ed: Fair Housing Still Matters From Harlem To Hollywood

By Donnell Williams Let me begin by stating that the National Association of Real Estate Brokers’ (NAREB) founding mission, written nearly 73 years ago, was based upon the principles of fairness and equal opportunity. Fair housing, fair lending, and fairness in our profession are the pillars of our association’s beginnings and the reason for our presence. Continue Reading


Inspired by Nipsey Hussle, they’re trying to ‘buy back’ South LA

Residents are meeting up each month to learn about buying property as a way to build generational wealth By Jessica Flores | @jesssmflores For Daniel Carter, the strip mall where Nipsey Hussle was killed in March, is one of the most important places in South LA. The late rapper was a South LA champion who Continue Reading


Although Jobs Report Shows Robust Job Market, African Americans Still Face Discrimination

By Derek T.Dingle     The prognosticators were wrong. Forecasts from ADP and Moody’s Analytics early last week revealed that the job market was slowing due to a private payrolls report showing a gain of just 67,000 jobs for the month of November. According to Friday’s report from the US Department of Labor, however, the Continue Reading


FHA’s strong financial showing points the way on policy

By Anthony Kellum Last month HUD published its annual FHA Actuarial Report. The report shows extremely strong financial performance — with reserves against losses of $62 billion and an economic net worth-capital ratio of 4.84% for the overall portfolio. The FHA’s capital ratio is the highest since 2007 and almost two and a half times the FHA’s Continue Reading


8 Reasons to Buy a Home

By Elizabeth Weintraub If you’re like most first-time home buyers, you’ve probably listened to friends’, family’s and coworkers’ advice, many of whom are encouraging you to buy a home. However, you may still wonder if buying a home is the right thing to do. Relax. Having reservations is normal. The more you know about why you should buy Continue Reading


What Happens When Black People Search for Suburban Homes

By Luis Ferré-Sadurní An undercover investigation on Long Island found that real estate agents treated people of color unequally 40 percent of the time. One Long Island real estate agent told a black man that houses in a predominantly white neighborhood were too expensive for his budget. But the same agent showed houses in the same Continue Reading


Why Owning a Home Is Important

By Mike Grundon Owning a home is more than just hype; it’s the gateway to long-term and short-term financial success. Long-term, you’ll build an equity nest egg and short-term, you’ll be able to enjoy potential tax breaks and pay yourself instead of a landlord. A home purchase is an investment you’ll be glad you made! Continue Reading


Against Black Homeownership

By Keeanga-Yamahtta Taylor The real estate market is so structured by race that black families will never come out ahead. In January 1973, George Romney, Nixon’s enigmatic Secretary of Housing and Urban Development, administered an open-ended moratorium on its 1968 initiatives to open up single-family homeownership to low-income borrowers by providing government-backed mortgages. The experiment Continue Reading


Long Island Divided: An Investigation by Newsday

After a 3-year investigation with over 90 real estate agents tested, over 200 hours of meetings recorded, and over 5700 house listings analyzed, the Newsday investigation uncovered widespread evidence of unequal treatment by real estate agents on long island: 19% of the time against Asians, 39% against Hispanics and 49% against Blacks.   In one of Continue Reading


FHA capital level is the highest since 2007

By Kathleen Howley Montgomery on cutting life-of-loan policy: “We’re not there yet” The Federal Housing Administration’s flagship Mutual Mortgage Insurance Fund is in the best condition since before the financial crisis, with capital levels at the highest level since 2007. The FHA’s annual report to Congress showed a capital ratio of 4.84%, up from 2.76% Continue Reading


Despite a Strong Economy, Black Homeownership Continues to Struggle

By: Marie Cyprien A new report called State of Housing in Black America released by the National Association of Real Estate Brokers shows that not only is the rate of black homeownership decreasing, but the gap between black and white households today is much wider than in 1968.     In fact, recent U.S. Census Continue Reading


Kansas residents are looking back to move community forward

KANSAS CITY, Mo. (AP) — Bernard Crawford grew up on Quindaro during the 1970s. He remembers thriving businesses: bakeries, grocery stores and theaters. He left for school but has come back to be what he calls a “light” on Quindaro, to help it be a safe and welcoming place. A sign on the wall says, Continue Reading


For many black millennials, student debt is biggest hurdle in homeownership

By Troy McMullen Not long after they were married in 2017, Rick and Astardii Hopkins started shopping for a home. But when the Birmingham, Ala., couple began exploring home loans, they quickly realized their college loan debt limited their options. Both attended local colleges, and like many African American millennials across the country who took Continue Reading