Homeownership has long been pursued as a means to build generational wealth in the U.S., but it’s been far from a level playing field.
Black Americans have been systematically and intentionally discriminated against for generations at every step of the home buying process, resulting in a 30% Black homeownership gap. Conditions have only gotten worse despite the Fair Housing Act in 1968, signed into law by President Lyndon Johnson.
Thankfully, there are a growing number of individuals and institutions working to overhaul the status quo. We spoke to five changemakers in a range of disciplines to share their guidance for Black and brown homebuyers in today’s increasingly crowded market.
Their overarching advice is this: Assume racism will rear its ugly head at some point in the home buying process. Be aware and stay vigilant.