Housing & Homeownership
There are fewer houses on the market now than at any time in nearly four a long time — 1.04 million on the end of January, says the National Association of Realtors. Yet NAR says 1.45 million brokers, up four.8% from a 12 months earlier, had been competing to sell them. According to 2020 data from the Home Mortgage Disclosure Act,lenders deny mortgages for Black candidates at a rate 80% higher than that of White applicants, CNBC reports.
Ownership in Russia suggests security and permanence; paying a mortgage thus feels more like lease. The “Rethinking Mortgage-Based Homeownership” symposium was convened in May on the UA to debate such issues.
Today, she factors out, acts of housing discrimination are still going down. A2019 Newsday reportshowed that Black and Hispanic homebuyers had been disproportionately discriminated in opposition to by actual estate brokers in the Long Island, New York … Read More