The current state of the housing market could “supercharge inequality” for young BIPOC Americans. According to the National Association of Realtors (NAR), “American homebuyers are Whiter, older and wealthier.” First-time homebuyers make up the smallest share for the first time in the last 40 years, but they’re still predominantly White. Black and Asian Americans make up less than 6% of the U.S. housing market (which has dropped in the last year) and Hispanic homeowners account for 8% of the market. The buying process is growing even more out of reach for young first-time homebuyers: the Federal Reserve has increased interest rates above 7% and there’s “a massive shortage of homes in the U.S. today which has led to bidding wars and increased home prices significantly.” YPulse’s Life Milestones and Future Plans report data shows that 82% of BIPOC young people say owning a home is super important to them. (Black Enterprise)
Reports and Webinars are limited to the Region terms of your Pro and Prime subscription, as shown in “Purchased Regions”.
- To filter all content types to individual Region(s) you have purchased, apply your Region(s) under “Purchased Regions.”
Articles, Video Updates, and News across all Regions are open to all Pro and Prime subscribers.
- To see this content for any Region, use the “Content Filter”.
