The pernicious legacy of redlining, which enforced segregation and denied homeownership to many people of color, continues to hurt new generations today.
The post Redlining Was Banned Decades Ago, but Its Effects on Black Communities Can’t Be Erased appeared first on Real Estate News & Insights | realtor.com®.
The American dream of homeownership is not an equal opportunity ambition. Blacks and Hispanics are more likely to be denied mortgages or get pricier loans.
The post ‘How Can We Catch Up?’ Mortgage Denials Stack the Deck Against Black and Hispanic Buyers appeared first on Real Estate News & Insights | realtor.com®.
NAR put together its “Snapshot of Race and Home Buying in America” report to study the hurdles that persistently block minorities from owning homes.
The post NAR finds fewer Black Americans own homes than other groups appeared first on Atlanta Agent Magazine.
The COVID-19 pandemic has made it more difficult for borrowers to find lenders willing to make small-dollar mortgages of $100,000 or less.
The post Lots of Homes Under $100K Are for Sale, but Most Buyers Can’t Get One for This Reason appeared first on Real Estate News & Insights | realtor.com®.
Lenders shun the city’s low-priced properties, making it hard for Black residents to access homeownership. The city of nearly 700,000 saw barely 1,700 mortgages made last year.
The post Dearth of Credit Starves Detroit’s Housing Market appeared first on Real Estate News & Insights | realtor.com®.