Bank of America’s new ‘solution’ helps minorities own homes

The new zero down, zero closing cost mortgage Community Affordable Loan Solution is part of a $15 billion commitment to help 60,000 individuals and families purchase homes by 2025. Continue reading

Black homeownership hasn’t slipped, but vast gulf persists

In the first quarter of 2022, just under 45 percent of Black families owned their home, compared to 74 percent of white families, according to a Redfin analysis of U.S. Census Bureau data released Tuesday. Continue reading

Cheaper home purchases by student debt holders could widen wealth gap

Hispanic and Black Americans who purchase lower-priced homes than white Americans can lead to further wealth gaps, according to a study by the National Association of Realtors. Continue reading

Addressing racial inequities in real estate through education and outreach

At John L. Scott, we’re taking several steps to address the homeownership gap to make a difference in our communities. Continue reading

African American homeownership lowest since 1968 — when Fair Housing Act passed: NAR official

The National Association of Realtors held its second annual policy forum on Thursday in Washington D.C. and discussed the widening racial gap and its impact on homeownership. Continue reading