Tag Archives: racial divide

According to the 2019 Survey of Consumer Finances conducted by the Federal Reserve, on average white families held just under a million dollars in accumulated wealth, while Black and Latino families had about $150,000 in wealth.

The high prices and record-low inventories that have been dominating the market for the last year are not doing much to address the plight of Black Americans whom want to own a home.  According to the National Association of Realtors ...

Applying for a mortgage is one of the most important applications most will ever fill out in their lifetimes; getting denied because of simple omission can set the process back by weeks. According to a new report by Zillow, the rate at ...

To address and reduce the racial gap between in home ownership and wealth-building, the Urban Institute and the Federal Home Loan Bank of San Francisco (FHLBank) have committed $1.5 million to a new program called “Racial Equity Accelerator for Homeownership” which will “develop and incubate innovations in housing finance, including underwriting and financial technology.”  "The ...

A new study has found that homes sold in predominant Black neighborhoods were selling for nearly $50K less than comparable homes sold in white neighborhoods.