NAREB RELEASES 2024 STATE OF HOUSING IN BLACK AMERICA REPORT AT BLACK WEALTH SUMMIT IN ATLANTA, UNDERSCORING THE URGENT NEED TO ADDRESS THE DECLINING BLACK HOMEOWNERSHIP RATES | PR Newswire [Video]

MEDIA ADVISORY FOR ATLANTA FOR FRIDAY, NOVEMBER 16, 2024

Featuring a lineup of influential figures, including Acting HUD Secretary Adrianne Todman, Atlanta Mayor Andre Dickens, State Representative Billy Mitchell, State Senator Gail Davenport, financial services industry executives, and lenders, the event at Clark Atlanta University promises to deliver invaluable insights and perspectives.

ATLANTA, Nov. 13, 2024 /PRNewswire/ —

WHAT:

NAREB is set to unveil its 2024 State of Housing in Black America (SHIBA) report, a comprehensive study that uncovers concerning trends in Black homeownership. The report reveals that the two promising demographics for African American homebuying – Black female-headed households and millennials – experienced a decline in home sales in 2023. The meticulously researched report, packed with facts, statistics, and analysis, cites persistent barriers to Black homeownership. Only 45.7% of Black households were homeowners in 2023, a stark contrast to the 74.3% among Whites and a significant drop from a peak …