After an appraiser and the Austins’ white-woman pal met at their house, its value went up by a whopping $493,000. Black Americans continue to face discrimination when it comes to building wealth through homeownership.

President Joe Biden signed an executive action to determine if any Trump-era policies “undermined fair housing” laws and, if so, to remedy them.

Why Americas Future Depends on Closing the Racial Wealth Gap

"Amazon got into housing because the company started to have enough of a presence in the community that called for being a good neighbor and helping solve some of the issues that the families in the community were facing," says Alice Shobe, Amazon's first Director of Amazon in the Community.

Oregon earmarked $62 million to explicitly benefit Black individuals and business owners. Now some of the money is in limbo after lawsuits alleging racial discrimination.

In 1936 a widowed black woman bought a home and it changed her family’s financial worth for generations. Today homeownership rates of black people lag even further behind whites’ rates, affecting their ability to build wealth.

The coronavirus stimulus package that passed Congress on Monday night provides $25 billion in relief to struggling renters across the country. The president still needs to sign the bill for it to become law, which remains unclear.

In June, we reported that Black and Hispanic Americans faced higher rates of housing hardship than white Americans, and we emphasized the importance of identifying a long-term rather than a “Band-Aid” solution. Now, almost six months later, with COVID-19 cases skyrocketing, no significant efforts have been taken to mitigate the situation.

Andre M. Perry of the Brookings Institution says homes in black neighborhoods are under-priced by 23% and has some ideas about how to change that

How the racial wealth divide is hollowing out America’s middle class.

About 12 million jobless workers around the U.S. will lose their unemployment benefits the day after Christmas, according to a new analysis. The benefits cutoff could push many households into poverty while creating headwinds for the economic recovery, experts say.

Black homeowners are twice as likely to lose their homes and have to return to renting than whites, in part because their relatives may be less able to help if they are struggling to pay their mortgage, according to a new study.

When Delmar Freeman began shopping for a home last year, he knew the biggest hurdle would be cobbling together enough money for a down payment.  The D.C. native, who has been a firefighter in the District for 15 years, says he watched home prices in the city inch up over the years and worried he and his family might be priced out of a home.

The debate about the future of housing finance in the US has been ongoing since the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac were put into conservatorship at the height of the 2008 Financial Crisis. A major flashpoint in the debate relates to the appropriate role of the government in housing finance.

(CNN) Black Americans pay more than any other group to own a home, a disparity that contributes to roughly half of the $130,000 retirement savings gap between Blacks and Whites, according to new study from MIT.

NEW YORK (Reuters) - African Americans still pay more than any other group to own a home, a disparity that over 30 years contributes to roughly half the current $130,000 gap between Blacks and whites in savings at retirement, a recent Massachusetts Institute of Technology shows.

Black unemployment has historically been higher than white unemployment in the U.S. This gap was narrowing before the coronavirus pandemic. But with unemployment hitting record highs across the board, Black Americans could be left even further behind.

Americans with mortgages have accumulated nearly $10 trillion in home equity thanks to a decade of rising home prices. Yet millions of them have fallen behind on mortgage payments and risk losing their houses.

In 1968, the Fair Housing Act was passed, making it illegal for anyone to be discriminated against when renting or buying a home. Prior to the passing of this civil rights legislation, Black families were locked out of the opportunity to create generational wealth by purchasing a home and passing it down to their kids, McCargo explains, because they were denied mortgage loans and access to certain neighborhoods because of their skin color.

A single mother of three children, Sandra Bivin of Denver, Colorado, is now being forced to try to survive on $58 per week on unemployment since the $600 per week expanded unemployment benefits expired on 26 July.