The NAR says the market needs an additional 320,000 new home listings valued at no more than $256,000 so that borrowers earning below $75,000 can get into the market.
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Black Homeowners Experience the Smallest Wealth Gains Nationwide
Although Black homeowners experienced the smallest wealth gains among any other racial or ethnic group, homeowners were able to accumulate over $115,000 in wealth in the last decade, according to a new report from the National Association of Realtors.
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