The Black Homeownership Gap Is Larger Than It Was 60 Years Ago | Farnoosh Torabi | NextAdvisor

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.

Farnoosh Torabi, NextAdvisor contributor and award-winning financial journalist, explains in her monthly column for NextAdvisor, “Closing the Gap,” the systemic inequalities in the financial system and the people working to change them.

Read more here:

The Black Homeownership Gap Is Larger Than It Was 60 Years Ago. COVID-19 Made It Worse

Read Farnoosh’s article here:

5 People Working to Make the Housing Market Less Racist—and Their Best Advice for Black Buyers

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