The Racial Homeownership Gap Is Worst For Black Millennials

The Racial Homeownership Gap Is Worst For Black Millennials

ByTMN Editor Reading Time: 2 minutes

While the racial homeownership gap exists in every generation, Black Millennials have it worse off than any other age group. That’s according to a new analysis from Redfin, which found that just one-third of Black Millennials own their home (33%), compared to 65% of white Millennials, the largest divide of any generation. By comparison, 52%…

Mortgage Applicants Denied For Insufficient Income At Increasing Rates

Mortgage Applicants Denied For Insufficient Income At Increasing Rates

ByTMN Editor Reading Time: 2 minutes

As affordability sank in 2022, potential buyers struggled against rising fees and were denied loans for a lack of income, according to a new analysis from the Consumer Financial Protection Bureau. Mortgage applications and originations declined last year as the market corrected from the low-rate-fueled pandemic housing boom. At the same time, affordability sunk to…

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