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New NAR Survey Reveals Big Racial Income Gaps in Real Estate
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Massachusetts Has Nation s Third-Lowest Hispanic Homeownership Rate
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By JLNJ Staff | February 18, 2021
(Courtesy of Prominent Properties) Prominent Properties Sotheby’s International Realty, one of New Jersey’s leading luxury real estate firms, recently announced that Sales Associate Maxine Harelick has earned the Seniors Real Estate Specialist® designation from the Seniors Real Estate Specialist Council of the National Association of Realtors®.
The SRES® designation is bestowed to REALTORS® who complete in-depth training in a wide variety of topics including senior housing options, reverse mortgages, downsizing and more. The SRES® Council promotes member success by providing high-quality training and tools necessary to position the SRES® designee as the trusted real estate resource for the senior market.
NAR Announces Newest Arm of That s Who We R Advertising Campaign — RISMedia
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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.