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Black Homeownership

NAREB affordable homeownership bus tour targets Black homeownership gap

Baltimore, Black Homeownership, Detroit, Housing Market, HWmember, Kansas City, National Association of Real Estate Brokers, Philadelphia /

The National Association of Real Estate Brokers (NAREB) has launched an eight-city Affordable Homeownership Bus Tour aimed at closing the Black homeownership gap by bringing housing education, lending resources and policy conversations directly into local communities. The tour, led by NAREB President Ashley Thomas III, will visit Philadelphia; Baltimore; Detroit; Gary, Indiana; Kansas City, Missouri; […]

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NAREB president calls for ‘optimistic underwriting’ to expand homeownership

Affordability, Appraisals and Valuations, Black Homeownership, Brokerage, FHA, First-Time Homebuyers, Homeownership, Housing Inventory, HUD, HWmember, Interest rates, Lenders, Mortgage, Mortgage Rates, National Association of Real Estate Brokers, Real Estate /

Ashley Thomas III has assumed the presidency of the National Association of Real Estate Brokers (NAREB) — the nation’s oldest and largest Black real estate organization — with an agenda focused on expanding homeownership access. Thomas, a housing policy and wealth equity strategist with more than 25 years of experience across real estate, lending and

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How MLK’s Fight for Homeownership Equality Changed My Life

Black Homeownership, Chicago, Contributors, Fair Housing, Home Equity, Homeownership, HWmember, Minority Homeownership, Mortgage, Regulatory /

As we prepare to celebrate Martin Luther King Jr. Day, it’s important to pause and reflect not only on Dr. King’s national legacy, but also on the work he did in my hometown of Chicago that continues to shape lives, opportunities and generational progress today. Dr. King’s Chicago campaign and the fight for fair housing

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Fair Finance Watch opposes Fifth Third-Comerica merger

Black Homeownership, Federal Reserve, Fifth Third Bancorp, Home Mortgage Disclosure Act, HWmember, Mortgage, Regulatory /

Fair Finance Watch, a self-described watchdog for the financial services industry, has filed early opposition to Fifth Third Bank‘s proposed acquisition of Comerica, urging the Federal Reserve to hold public hearings and scrutinize the Cincinnati-based lender’s mortgage lending record before approving the deal. In a letter sent Oct. 8 to Fed Chair Jerome Powell and

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Homeownership among Black Americans drops to 4-year low

Affordability, Black Homeownership, Home Prices, Homeownership, HWmember, Mortgage Rates, Real Estate, Redfin, Unemployment /

The homeownership rate among Black Americans fell to 43.9% in the second quarter of 2024, the lowest level since late 2021, according to Redfin. That was down from 45.3% a year earlier and marked the steepest annual decline since the third quarter of 2021. By comparison, the Hispanic homeownership rate rose slightly to 48.8% from

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