Navy Federal Credit Union rejected more than half of Black people seeking home loans and approved less qualified white applicants.
Fewer Black families are buying homes, which has stretched the Black homeownership gap to its highest rates since the 1960s.
One of the most common ways proposed to help shrink the racial wealth gap has been through homeownership, something that has eluded many Black people throughout American history.
The dwindling wealth of Black families is very real.
The National Association of Real Estate Brokers’ State of Housing In Black America Report revealed some very shocking statistics as it relates to homeownership in the African American community. Donnell Spivey and Andrea Hilliard Cooksey of the National Association of Real Estate Brokers (NAREB) joined Roland Martin on “NewsOne Now” to discuss the homeownership crisis […]
An article on The Grio discusses the steady decline of Black homeowners and how the problem is likely to get worse before it gets better. Since figures peaked at around 50 percent during the brighter economic times of 2006, the number of Black homeowners has now fallen to 44.8 while the nation’s overall rate is […]
