People of Color More Likely To Be Denied Mortgages, Pay More for Loans realtor.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from realtor.com Daily Mail and Mail on Sunday newspapers.
With historic barriers of systemic discrimination, predatory lending and wealth inequities to overcome, change will take time, but leaders from National Association of Real Estate Brokers and other groups propose lenders take these steps now.
Massachusetts Has Nation s Third-Lowest Hispanic Homeownership Rate bankerandtradesman.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bankerandtradesman.com Daily Mail and Mail on Sunday newspapers.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
NAR Finds Black Home Buyers More Than Twice as Likely to Have Student Loan Debt, Be Rejected .
National Association of Realtors®February 17, 2021 GMT
WASHINGTON, Feb. 17, 2021 (GLOBE NEWSWIRE) Key Highlights
The U.S. homeownership rate was 64.2% in 2019. At 69.8%, the rate for non-Hispanic white Americans exceeds the national rate. However, the Black homeownership rate – 42% – represents a Black-white homeownership gap of almost 30%. The homeownership rates for Asian Americans and Hispanic Americans are 60.7% and 48.1%, respectively.
Black households – 43% – are more than twice as likely than white households – 21% – to have student loan debt, with a median student loan debt for Black households of $40,000 compared to $30,000 for white households.