By Charlene Crowell For most consumers, buying a home is the single-largest investment of their lifetimes. But for Black America, home equity – the increase in market value from the time of purchase – is often the dominant, if not sole source of wealth-building. Home equity represents 65 percent of all Black wealth, according to […]
NAREB Wants Special Purpose Credit Programs to Bridge Black-White Homeownership Gap
By Stacy M. Brown NNPA Newswire Senior National Correspondent @StacyBrownMedia The median net worth for Black households is an embarrassingly low $24,000 compared to $188,000 for white families. And that’s one reason only 45.3% of Black Americans owned their homes in 2022, compared to 74.6% of white people, according to the National Association of Real […]