A new report shows more Americans are becoming homeowners, but the gains vary significantly by race. North Texas housing experts weigh in on efforts to close the homeownership gap and why education is key to building generational wealth.
There’s a new report showing more Americans own homes than they did a decade ago. But when you break down the findings by race, there are some significant disparities.
According to the National Association of Realtors (NAR), nearly 12 million more Americans have become homeowners since 2013. The largest gains were among Hispanic buyers at +5.8%, followed by Asian Americans with roughly +5.6% growth, White Americans with +3.6%, and Black Americans with just +2.8%.
Watch 온라인카지노사이트 5 free wherever you are
온라인카지노사이트 5 Anchor Brittney Johnson spoke with leaders of the North Texas Board of the National Association of Real Estate Brokers (NAREB) about their mission to close the homeownership gap for minorities.
Madge Day, President of NAREB North Texas, said education is key.
Get top local stories delivered to you every morning with 온라인카지노사이트 DFW's News Headlines newsletter.
“The only way we’re gonna change this around, I think, is to re-educate,” Day said. “You can go get a college degree, but they don’t teach you homeownership in college. So we have to teach our people," said Day.
Roz Booker, Community Engagement Chair for NAREB North Texas, highlighted the stark difference in wealth between renters and homeowners.
“The recent report from NAR tells us that the average renter's net worth is about $10,000 versus a homeowner today at about $415,000,” Booker said. “So with that wealth gap, there’s definitely a sense of urgency to make sure that homeownership is a part of your lifestyle.”
Texas News
News from around the state of Texas.
To help address these disparities, NAREB is hosting wealth-building workshops nationwide on April 12. Resources will include one-on-one credit counseling, assistance for veterans, and help navigating property issues.
You can see the and find event details for
