Report shows how mortgage firms stole black wealth in Chicago

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

Read More »

Middle class African-Americans, Hispanics, priced out of home ownership in largest U.S. metros

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

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

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

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.

RealtyBizNews: Real Estate Marketing & Beyond