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Study: Fewer White Buyers Taking Out Mortgages

Study: Fewer White Buyers Taking Out Mortgages

by Phil Hall | May 3, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

More nonwhite homebuyers and fewer White buyers have been taking out mortgages over the past five years, according to a data analysis by Redfin (NASDAQ:RDFN). Slightly less than two-thirds (62.2%) of new mortgages issued in 2023 went to White homebuyers, down from 64%...
Redfin: Black Millennials Half as Likely to Own Homes as Whites

Redfin: Black Millennials Half as Likely to Own Homes as Whites

by Phil Hall | Mar 5, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

One-third (33%) of Black millennials own their home, compared to two-thirds (65%) of White millennials, according to a new data analysis by Redfin (NASDAQ:RDFN). This represents the largest disparity gap in homeownership among any generation. Redfin determined that...
Disparity Gap Shrinks Between ‘Income Mortgage-Ready’ Black and White Renting Households

Disparity Gap Shrinks Between ‘Income Mortgage-Ready’ Black and White Renting Households

by Phil Hall | Feb 23, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The gap between the share of Black and White households in rental properties that could comfortably afford a mortgage payment narrowed during the pandemic, according to new data from Zillow (NASDAQ:Z, ZG). Zillow cited American Community Survey statistics from 2022...
A Phil Hall Op-Ed: 5 Housing Questions to Ask at the GOP Presidential Debate

A Phil Hall Op-Ed: 5 Housing Questions to Ask at the GOP Presidential Debate

by Phil Hall | Aug 21, 2023 | A Phil Hall Op-Ed, Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A Phil Hall Op-Ed: For some reason, I wasn’t invited to be a moderator at Wednesday’s Republican presidential primary debate – obviously, I need to talk to Rupert Murdoch about that oversight. However, if I was in the position to ask questions of the individuals...
U.S. Bank Debuts Product to Expand Minority Homeownership Access

U.S. Bank Debuts Product to Expand Minority Homeownership Access

by Phil Hall | Jul 12, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

U.S. Bank (NYSE:USB) has launched a mortgage special purpose credit program designed to expand access to homeownership within predominantly minority communities. The U.S. Bank Access Home Loan provides qualified borrowers with up to $12,500 in down payment assistance...
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