National Mortgage news, July 20, 2021, Black Borrowers More Likely to Make Financial Sacrifices to Buy Homes
Black Americans face greater financial barriers in the homebuying process than their white counterparts, a recent Redfin report showed.
“African Americans are much less likely to come from families, communities that have strong homeownership,” said Dedrick Asante-Muhammad, chief of membership, policy and equity at the National Community Reinvestment Coalition. “They’re going to get a lot less assistance through generational wealth.”
