A new data analysis published by Zillow (NASDAQ: Z, ZG) is claiming that homes in majority-white neighborhoods in the Chicago area were more than twice as likely to be marketed through private listings than homes in predominantly minority communities. Zillow...
Lake Michigan Credit Union (LMCU) has debuted HomeAssist, a down payment assistance program for first-time homebuyers. The program – which has been initially funded with $1 million for its launch – offers eligible borrowers $10,000 to use toward their down payment and...
A coalition of 14 trade associations, financial institutions and government-sponsored enterprises have joined forces to create the Convergence Collaboration, a new endeavor designed to address the issues that contribute to racial disparities in homeownership. Over the...
The homeownership rate for Black households has grown faster than average since 2019, though it is still lower than its peak from 20 years ago. According to a new data report from Zillow (NASDAQ:Z, ZG), nearly 46% of Black households own their home, down from its...
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%...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
