NAREB'S 2023 Women Investing in Real Estate (W.I.R.E) report found that between 1990 and 2019, Black women increased homeownership by 5.6%. Moreover, Black women ages 45-54 and over 75 had a 2.9% increase during the pandemic, the largest among Black homeowners. In early 2020, when the pandemic onset slowed homebuying, Black women fared better than men.
"With the rise of Black women buying homes, there is hope for the future," exclaimed Dr. Courtney Johnson Rose, NAREB's President. "Black women are breaking down barriers in several areas, and homeownership is another example of the resilience and strength of Black women working to secure a financial foundation for themselves and their families and contributing to closing the racial wealth gap. By owning a home, Black women create paths toward longterm financial stability and a legacy for their families. Homeownership among Black women is economic empowerment and serves as a catalyst for broader community development."
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This story is from the ScoopDigital, Vol. 5, No. 4 edition of Scoop USA Newspaper.
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