The third in a three-part series Part one Part two House hunting in Boston can often feel like one of those reality TV dating shows. There’s the first meeting, where you and a dozen or so other contestants circle the object of your desire. You fall in love, maybe make a proposal, and then more likely than not … you get rejected.
First in a three-part series Owning a home is considered part of the so-called American dream, but for Black and Hispanic Bostonians, it is more often a dream denied. A new WBUR analysis of mortgage lending in Boston from 2015-2020 found that lenders denied mortgages to Black applicants at three times the rate of white applicants. Hispanic applicants were twice as likely to be
Boston has long seen a racial gap among homeowners. Since homeownership is the main way most Americans build wealth, some local organizations are working to make Boston’s real estate market more equitable.
Homeownership isn’t just about fulfilling a dream. It’s the primary way most Americans build wealth. A new WBUR analysis of mortgage lending in Boston found lenders denied mortgages to Black applicants at three times the rate of white applicants.