Initiative aims to boost Black homeownership rates to all-time high

A new initiative is hoping to reverse declining Black homeownership rates in the U.S. The Black homeownership rate fell to just 42% in 2019, its lowest since 1970, according to date from the National Community Reinvestment Coalition. Now, the Black Homeownership Collaborative is aiming to create as many as three million new Black households to

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Black Americans still find it tougher than whites to buy a home

Black Americans are still finding it more difficult to become homeowners than their white counterparts,. In many cases, they have to make more financial sacrifices and take on extra jobs in many cases to be able to afford their first home. That’s according to a new survey by Redfin, which said that only 45.1% of

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Study shows black homeowners pay higher property taxes

A new analysis from economists Troup Howard of the University of Utah and Carlos Avenancio-Leon of Indiana University has found that black households on average pay 13% more in property taxes every year than white households with similar finances. The analysis, published in a working paper, says that homes owned by black families tend to

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