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Home price gap causes lost wealth accumulation among minorities and student debt holders

By Mike Wheatley | April 29, 2021
A study has found that minorities and those burdened with student debt tend to purchase a proportionality higher number of lower-priced homes, and that leads to lost wealth accumulation over time, researchers say. The research was conducted by Jessica Lautz, vice president of demographics and behavioral insights at the National Association of Realtors, and Michael […]
US Real Estate

Millennials help boost Black homeownership rates

By Mike Wheatley | December 14, 2020
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 […]
US Real Estate

Coronavirus pandemic will lead to greater wealth divide, study finds

By Mike Wheatley | June 24, 2020
Job losses resulting from the COVID-19 pandemic have had a disproportionate affect on black workers and low income families, according to a new report from real estate brokerage firm Redfin. Redfin said the unemployment rate for black families is around three points higher than it is for white families, and has doubled to six points […]
Home Buying, US Real Estate

Wealth gap between older and younger generations widens

By Mike Wheatley | June 22, 2016
A closer look at the stats reveals an alarming and widening inequality gap between younger and older generations, warns Lawrence Yun, chief economist of the National Association of Realtors
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