Navigating housing discrimination when purchasing a home
By Dima Williams
(Excerpt)
Black house hunters are more likely to have lower median incomes, more debt and worse credit scores than their White peers, according to the National Association of Realtors.
When they become homeowners, they still play catch-up — they have less equity in their residences but that equity makes up most of their overall wealth, a 2017 analysis by Pew Research shows.
“The racial wealth gap plays so much into that,” said Parker Gilkesson, a policy analyst at the Center for Law and Social Policy in Washington.
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Source URL: https://www.washingtonpost.com/business/2021/03/18/report-housing-discrimination-renter-buyer/
