Driven mainly by the pandemic and subsequent demand for detached single-family homes, the U.S. homeownership rate jumped to 65.5% in 2020, an increase of 1.3% compared with 2019, according to data from the National Association of Realtors (NAR).
However, the homeownership rate for Black Americans actually fell to 43.4% – down from 44.2% in 2010. Meanwhile, the homeownership rate for White Americans increased to 72.1%.
Not only do Black Americans have significantly lower homeownership
I recall receiving MLS books once a month and being thrilled that a whole new population of sales were available to be considered within the
Does the cost of homeowners insurance affect the price of a home? In some markets, the answer is increasingly yes. In recent years, insurance companies
This article is featured in the 2023 edition of the Appraisal Buzz Magazine. Some other features we have in our magazine include Buzztoon comics, as
Let’s get real for a moment. When that email from an AMC hits your inbox, asking for your best fee and quickest turnaround, do you
