Let’s make an assumption. You and your spouse have great jobs. You have a couple of great kids who do well in school. You have engaging personalities and friends from all walks of life. You are respectful, caring and kind.
You sound like the perfect neighbor. So why aren’t you? Is it because you’re Black?
I started this article to shock you a little bit. A lot has changed since last January when we celebrated Martin Luther King Jr. Day. As the president of the National Association of Real Estate Brokers (NAREB), I have seen the real estate industry jolted by recent events that have caused a refocusing on the Black community.
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TUSTIN, Calif., Jan. 6, 2021 /PRNewswire/ New American Funding believes that everyone should have the opportunity to achieve the American Dream, buying a home. The mortgage lender is committed to increasing homeownership and access to credit for all.
That s why the company created its New American Dream initiative in 2016. The initiative raises awareness and helps increase homeownership in Black communities through home buying education, accessibility to credit, and increasing awareness for career opportunities within the mortgage industry.
Bridging the Gap in Black Homeownership
Due to this initiative and others, New American Funding continually bypasses other large lenders in lending to minorities. New American Funding s purchase lending is 44.9% more than the industry average in lending to minorities and 101.5% more than the industry average in lending to Black borrowers.
Racial disparities do still exist : Data shows inequalities in homebuying for people of color
A 2018 study from the Urban Institute showed the Denver metro area has a gap of almost 32% between white and Black homeowners. Author: Katie Eastman Updated: 3:08 PM PST December 17, 2020
DENVER Sixteen years in real estate has taught Muriel Williams-Thompson the market is different for different people.
She knew that when she got into the business after hearing stories from her grandparent’s who sold homes seven decades ago.
“Selling homes to Black families back in the 50s was, it put your life in danger as a real estate professional,” Williams-Thompson said. “There were individuals who hated you for that. So they had a lot of death threats. Bomb threats on their home things like that. It was rough. It was rough times.”
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