Explore the evolving landscape of mortgage origination, influenced by shifting interest rates, housing market dynamics, and regulatory changes. Discover strategies for lenders to adapt and thrive in this dynamic environment.
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The typical African-American family is having a harder time finding a home in their price range, according to data from Redfin. So reports USA Today.
The median African-American household could afford only 25% of homes for sale last year, a steep drop from 39% in 2012, according to Redfin.
Every major metro area saw a decline in the share of homes affordable to African-American households between 2012 and 2018, some by 30 percentage points or more.
