June 27, 2020 — June 28, 2020
9:00 AM — 5:00 PM
All over the United States
Homeownership among Black Americans dwindled from a high of 49.1% in 2004 to 44% today. The low rates are a result of misinformation or misunderstanding of the mortgage process, a lack of affordable inventory in some markets, disparate and institutionalized underwriting and credit scoring practices that create barriers for a large percentage of Black and minority prospective borrowers. Additionally, the weight of school loans carried by recent college graduates, all but eliminates the opportunity to pursue homeownership for younger buyers. The gap between white and black homeownership today is greater than at any point since WWII.
NAREB is the country’s oldest, minority real estate trade association.