A new Zillow report shows a lack of access to credit is barring a significant percentage of Black households from buying a home, leaving them with rent payments that are often considerably higher than the median mortgage payment for their area.
A new report from the National Association of REALTORS® (NAR) shows significant inequalities in homeownership rates and household wealth gains across different income levels and racial/ethnic groups.
A new Redfin report shows only 21% of home listings were affordable for the typical U.S. household in 2022, down from 40% in 2021. Only 9% of homes for sale were affordable for the typical Black household, compared to 28% for the typical white household.
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