Researchers from Duke University claim that African American homeowners in Chicago missed out on billions of dollars in wealth from 1950 to 1970, due to what it says were “racist real estate policies”. Throughout that 20-year period, African Americans living in Chicago bought 60,100 homes, of which, around 70% were sold on contracts that enabled
Middle class African-Americans, Hispanics, priced out of home ownership in largest U.S. metros
June 2, 2017 by
Just 18 percent of homes listed for sale in the U.S.’s 30 biggest metro areas were affordable for middle-class Hispanic families in 2016, and just 14 percent were within the financial reach of African-American families
Wells Fargo looks to boost African American home ownership
March 6, 2017 by
Wells Fargo & Company is hoping to propel a minimum of 250,000 African Americans towards home ownership within the next ten years with a brand new initiative.
NAREB wants to boost African-American home ownership
March 22, 2016 by
The National Association of Real Estate Brokers (NAREB) is launching an initiative to increase the number of African American home owners by two million within the next five years.
African-Americans Getting a Rough Deal in Housing
January 31, 2014 by
There’s bad news for racial equality when it comes to housing, with a new study showing that African-Americans are being squeezed out of the market far more often than people from other races.
