Yesterday’s discriminatory policies kept minority homeownership low – and disparities persist today.
The National Association of Real Estate Brokers has announced the creation of its Black Real Estate Agent program to provide financial, educational, and career support for aspiring Black real estate agents. Black Americans represent less than 6% of all real estate professionals, according to the Census Bureau.
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Homeownership reached a record high for white homeowners, but it fell to 44.1% for Black Americans in the fourth quarter of 2020.
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A very significant change in homebuyer demographics is expected during the next 20 years. Will it also have a significant effect on home values? The January 2021 Urban Institute report (The Future of Headship and Homeownership) finds: âNet growth in the number of homeowners from 2020 to 2040 will be entirely among people of color, […]
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The Urban Institute released a report on projected homeownership rates for the next twenty years. Experts project a drop from 65% in 2020 to 62% in 2040.
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