Blog

Jun07

NAREB Takes Fight for Black Homeownership to Congressional Hearing

By Hazel Trice Edney The rate of Black homeownership in America – now at 41.1 percent, according to 2019 census numbers – is even lower than it was when the Fair Housing Act was signed into law 51 years ago on April 11, 1968. This means Black homeownership is 32.1 percentage points lower than that Continue Reading

Jun07

Examining Black Homeownership Trends

By Radhika Ojha Black Americans own a much smaller number of homes compared to other demographics across the nation’s 50 largest metros, according to a new study by LendingTree. The study, which focused on homeownership trends among African Americans revealed that while Americans who identified as Black made up around 15% of the population in Continue Reading

Jun06

New report reveals Black homeowners in Chicago lost billions due to predatory housing contracts

By Brianna Rhodes Many people in the Black community once used homeownership as a means of building wealth, but a report published on Thursday reveals that Black Chicagoans who purchased homes between 1950 and 1970 never had a chance of making money because of predatory housing practices. The report, called “The Plunder of Black Wealth Continue Reading

Jun05

‘A plunder of black wealth’: Predatory housing contracts gouged Chicago’s black homeowners, new report says

A report released Thursday is the first to put a dollar amount on how much wealth was extracted from Chicago’s black community in the 1950s and 60s through home sale contracts. By Carlos Ballesteros Black homebuyers in Chicago lost at least $3.2 billion in today’s dollars because of racist real estate policies and predatory contracts Continue Reading

May31

The legacy of Asheville’s racial real estate covenants

It’s rare that Drew Reisinger, Buncombe County’s register of deeds, is surprised by any historical outrages that turn up in the public records under his care. After all, it was at his direction that the county became the first one in the country to digitize its archives of deeds documenting the local ownership and sale Continue Reading

May29

NAREB Seeks to Increase Homeownership of Blacks by at Least Two Million

A national organization of real estate professionals has made the commitment to see the number of Black homeowners in the U.S. increase by two million in the coming years. The National Association of Real Estate Brokers (NAREB), whose headquarters sits in Lanham, Md., is a membership organization with more than 18,000 real estate brokers, agents, Continue Reading

May28

Wilmington a ‘microcosm’ of larger cities on racial wealth divide, study says

By: Sophia Schmidt A vast divide in the amount of wealth accumulated by white families and families of color persists in the U.S.— and by some reports, has grown in the past few decades. That divide is reflected in Delaware’s largest city, where the median household income for black and Latino households is half that Continue Reading

May22

Poor credit scores keep Gen Xers from entering the housing market

On average, Gen Xers owe more than $20,000 in student loan debt. A recent report from LendingTree reveals that although Gen Xers are now in their prime earning years, many are refraining from homeownership due to substantial debt. The report analyzed the credit profiles of Gen Xers who own homes and compared them with those Continue Reading

May15

Newly renovated homes on the market in north Minneapolis for under $200K

They have hardwood floors and stainless steel appliances. But with Avenue “N” in the address, are people buying these rehabbed homes? By: Kiya Edwards MINNEAPOLIS — Some home buyers overlook north Minneapolis. Not Julia Israel. Over the course of 20 years, Israel has owned a few different homes. All in north Minneapolis. “I like the Continue Reading

May06

For Some Cincinnatians, the Home Buying Process is an American Dream Deferred

By: Nick Swartsell Fewer black Cincinnatians own their own homes. The reasons why are complex — and some go back decades Buying a home is often framed as a quintessential part of the American dream. But data shows that the dream doesn’t manifest itself equally for everyone in Cincinnati. About 24 percent of black households Continue Reading

May05

The politics of home

By: Tiana Webb Evans Homeownership has always been fraught for black Americans. My teen son reminded me decor choices can be, too. When it came to flexing my muscle as a “picker,” a term used lovingly by design dealers to describe an expert in the art of acquiring vintage pieces, one of my big wins Continue Reading

May01

Black families have a dime for every dollar held by whites

By Charlene Crowell If you’re like me, every time you hear a news reporter or anchor talk about how great the nation’s economy is, you wonder what world they are living in. Certainly, these journalists are not referring to the ongoing struggle to make ends meet that so much of Black America faces. For every Continue Reading

Apr29

The Neighborhood Is Mostly Black. The Home Buyers Are Mostly White.

Nationwide, the arrival of white homeowners in places they’ve long avoided is jolting the economics of the land beneath everyone. RALEIGH, N.C. — In the African-American neighborhoods near downtown Raleigh, the playfully painted doors signal what’s coming. Colored in crimson, in coral, in seafoam, the doors accent newly renovated craftsman cottages and boxy modern homes Continue Reading

Apr26

Black, Hispanic Communities Still Feeling Legacy of Housing Crisis

By Mike Albanese A new report by Zillow states that 31.4% of all foreclosures that occurred between January 2007 and December 2015 occurred in predominantly black and Hispanic communities. According to the report, black communities accounted for 12.7% of foreclosures, and that number grew to 19.4% in Hispanic communities. Zillow further points out that homes Continue Reading

Apr17

Black real estate group focuses on community investment

By R.A Schuetz Tuliza Noela, a junior at Wisdom High School in Mid-West Houston, deliberated Thursday morning over her budget. She decided she would live with relatives instead of renting her own place, since the resulting savings could be applied toward a new car. Noela framed the decision as a matter of financial security. With Continue Reading

Apr12

Washington Post opinion: Neighborhoods can be gentrified without pushing out poor people

By Jesse Van Tol  | The Washington Post   Neighborhoods have been developing and changing since the dawn of civilization, but the idea of gentrification – when an influx of new money and new people transforms a community – has emerged as an issue since only the 1960s. And it is a complicated and often Continue Reading

Apr10

How black residents of Long Beach fought racist real estate policies and influenced a nation

By: Brian Addison “I can sympathize and empathize with the frustration, dismay and disappointment experienced in unsuccessful attempts to acquire housing in the bigoted ‘International City’ of Long Beach. I have not been able to rent an apartment after searching for almost three months—indubitably due to the fact that I am a Negro.” This is Continue Reading

Apr08

Poll: Public Overwhelmingly Believes Housing Affordability Should Be a Top National Priority

By: Opportunity Starts at Home WASHINGTON, DC, March 28 2019 – Today, the Opportunity Starts at Home campaign released the results of a national public opinion poll that it recently commissioned through Hart Research Associates. The vast majority of the public (85%) believes that ensuring everyone has a safe, decent, affordable place to live should Continue Reading

Apr02

African American homeownership rates on the decline in southeast Michigan as Fair Housing Month looms

By: Gina Joseph   Willie Davis is 33-years-old. He’s African American. And Davis, a Troy real estate agent, is looking to purchase a home in Clinton Township. In looking at homeownership rates among black households across southeast Michigan, he’s an exception, as are some of his clients, including Benjamin and Seane Pettis, who recently purchased Continue Reading

Mar21

In A Majority-Black City, Mortgages Go Disproportionately To Whites

Mayor Mike Duggan was happy enough about the city’s rising homeownership rate that he mentioned it in his State of the City address. Today, John Gallagher at the Free Press offers a sobering additional detail: White people make up just 10 percent of Detroit’s population but got nearly half of the home mortgage loans made Continue Reading