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Report: African-Americans ‘Locked Out’ of Home Ownership

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By Della Hasselle

 

homeowner(TriceEdneyWire.com) -That is one of many findings reported by four authors for the National Association of Real Estate Brokers (NAREB), in a 2016 report called the State of Housing in Black America.

That same report found homeownership for non-Hispanic White people stood at 68.5 percent in 2014. In comparison, the rate was 41.2 percent among Black people.

The reason for these statistics, according to the NAREB, is that Black Americans have long had unequal access to mainstream mortgage credit – a finding that the organization blasted in a Sept. 20 release, while signaling a “clarion call” for change to lawmakers, regulators, government agencies and lenders.

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