How Historic Racial Injustices Still Impact Housing Today
Yesterday’s discriminatory policies kept minority homeownership low – and disparities persist today.
White homeownership
New program puts Black real estate agents at forefront
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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White homeownership rate hits nine-year high
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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Majority of Home Buyers Expected to be Hispanics, African-Americans, and Other Minorities
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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Hispanic households to grow the most over next 20 years
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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