Today we take time to honor and recognize the past and present experiences of Black Americans. When it comes to real estate specifically, equitable access to housing has come a long way, but the path to homeownership is still steeper for households of color.
The Gap in Homeownership Rate in America
It’s a more challenging journey to achieve homeownership for some buyers, as shown by the measurable gap between the overall average U.S. homeownership rate and that of non-white groups. Today, Census data shows the lowest homeownership rate persists in the Black community (see graph below):
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Florida Mortgage | Sarasota-Bradenton Historic Median Home Price In March 2022 NMLS ID 1834853 #bradentonflorida #sarasotaflroida #floridamortgagecompany
Some Highlights
Worried you won’t be able to find your next home after you sell? You should know data from realtor.com shows more listings are coming onto the market each month this year.
Having additional options can make the search for your next home easier. But inventory is still low overall, which means your house should still stand out when you sell.
If your biggest question is where you’ll go if you sell, take this as encouraging news. Let’s connect to start the process today.
Content previously posted on Keeping Current Matters
Florida Mortgage | What’s on the Horizon for the Housing Market in the Second Half of 2022? If you are thinking of buying or selling a home this year, it’s important to know where the market is headed and what that means for you. Let’s connect so you have the latest expert insights to help plan your next move. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany
Experts in the real estate industry use a number of terms when they talk about what’s happening with home prices. And some of those words sound a bit similar but mean very different things. To help clarify what’s happening with home prices and where experts say they’re going, here’s a look at a few terms you may hear:
Appreciation is when home prices increase.
Depreciation is when home prices decrease.
Deceleration is when home prices continue to appreciate, but at a slower pace.
Where Home Prices Have Been in Recent Years
For starters, you’ve probably heard home prices have skyrocketed...