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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Millennials help boost Black homeownership rates

Millennials are helping to boost the African American homeownership rate, according to a recent analysis of data by the National Association of Realtors. Just over 5% of African Americans bought a home during the first three months of 2020, up more than 1% from the year before, the NAR’s data shows. “The fact that Black

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Zillow: Remote work could help more Blacks become homeowners

The rapid rise in pandemic-driven remote work could make homeownership more attainable for black renters compared to other renters, based on factors including income, the makeup of local industries, geography and more, a new Zillow analysis has found. Zillow research found that of the nearly 2 million U.S. renters that have able to take advantage

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