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Stories Tagged as

Black homeownership

Adventures in Housing

Buying a house means more opportunities for this first-time owner

by Sean McHenry
Jan 31, 2024
"As a result of me being a homeowner ... if I need to take money out, I can do that," says Monique Coleman of West Virginia.
Monique Coleman and her daughter, Zoey, outside their home in Charles Town, West Virginia.
Courtesy Monique Coleman
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Race and Economy

Black homeownership climbed early in the pandemic. Is progress stalling?

by Matt Levin
Jun 19, 2023
Higher mortgage rates could disproportionately hurt Black homebuyers.
Historically low mortgage rates lifted homeownership across racial and ethnic groups. But those rates have more than doubled since 2021.
Joe Raedle/Getty Images
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More homeowners are back to paying their mortgages

by Amy Scott
May 3, 2021
But the recovery has been unequal. Black homeowners are at a higher risk of foreclosure when forbearance rules expire, one nonprofit says.
Despite recent trends, more than 2 million mortgages are still in forbearance.
Chainarong Prasertthai via Getty Images
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The Block

Transforming a blighted block into a community of Black women homeowners

by Amy Scott
Aug 11, 2020
A Baltimore program helps Black women build wealth through homeownership.
At 28, Quanshay Henderson bought her first house — and helped restore it — through Black Women Build.
Amy Scott/Marketplace
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Race and Economy

Black applicants are more likely to be denied mortgages, study finds

by Amy Scott
Jun 26, 2020
And that's one reason for the persistent homeownership gap.
A house for sale in Seattle. Black homeownership rose slightly in 2019, but mortgage denial rates were still much higher — 16% for Black applicants compared to 7% for white borrowers.
Stephen Brashear/Getty Images for Redfin
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Closing the homeownership gap in Houston and beyond

by Amy Scott
Jan 30, 2019
The National Association of Real Estate Brokers, a black trade group, is on a mission to add 2 million new black homeowners nationally in five years.
Nationally, the rate of black homeownership is less than 42 percent, compared to a rate of about 73 percent among white households.
Cameron Spencer/Getty Images
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