NAR study finds Black home buyers more than twice as likely to be rejected for mortgage loans (Source: Jenny Kane) By KOLD News 13 Staff | February 17, 2021 at 11:56 AM MST - Updated February 17 at 2:49 PM
TUCSON, Ariz. (KOLD News 13) - Minority homeownership lags behind the national rate, with Black Americans facing some of the toughest hurdles to achieving this essential part of the American Dream, according to the National Association of Realtors.
The homeownership rate for Black Americans â 42% â is nearly 30% less than the rate for white Americans â 69.8%. The U.S. homeownership rate stands at 64.2%, with the rates for Asian and Hispanic Americans at 60.7% and 48.1%, respectively[i].
NAR Finds Black Home Buyers More Than Twice as Likely to Have Student Loan Debt, Be Rejected for Mortgage Loans Than White Home Buyers benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
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A Black California couple said they believe race definitely played a role in the significantly different appraisal values of their home after its value