Empowering Black Homebuyers - Why ONLY 44% of Black Americans Own Homes

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[a.Janine.pretty]

I’m a single black woman and I’m purchasing my first home on my own in a few months

[yourfavnurseb]

I think the decrease in marriage in our community heavily affects our pathway to homeownership. I’m glad that you all talked about mindset, that one thing stops so many people from doing some of the most basic things needed to get ahead in life.

Thanks for giving us more knowledge, it’s very empowering.

[shawnise]

10:30 reminds me of a friend I know that tried to tell me it's better to rent than to own a home and if I wanted to own then wait until interest rates come down. In early 2022 she was going on and on about renting and how she was going to wait because it wasn't time since interest rates were up. I told her that I was going to start working on my credit and looking into buying. She said to me, if I were you I would just wait because everything is going up and she didn't want me to buy something I can't afford. I ignored her and spent the next few months working on my credit and got it up to where I wanted it. Then I got with an agent and lender and by April 2023 I closed on my house. I think she's still waiting on interest rates to fall. If I would have waited I don't know if I could have afforded the apartment I was living in because it kept going higher. My mortgage is less than I was paying in rent.

[Allthingsarepossibl]

So grateful for these group of African American professionals in the real estate industry. Very informative information. Im looking forward to reaching out to Dietric after i get my mortage approval letter, im looking for a townhome in southern california. I am a black woman, Knowledge is power

[Avanaih]

That is a terrible Statistic that black home ownership is so low. It is so much better to own than to waste your money on rent.I purchased my first home in 2022.

[djiniveebenza]

DPA was putting me in a position that I could not find the house that i need to the city that I love. They were offering me 20000 with an interest rate of 6.785%, with this interest rate, the affordability was low. I went with new construction where I decided to bring my own down payment ( 20.000$) and my interest rate is 4.99% fixed and the builder pay 9000$ towards closing cost. I purchased my dream home in the city that I love just by choosing to put my money. My affordability went from 500.000$ to 625.000$

[CharReal]

Here are your flowers. This was an awesome video. This is not talked about enough in our community as agents.💐💐💐

[jblogicu]

Great show full of good information. Excellent way to celebrate Black History Month by encouraging and promoting homeownership. Let's get that number up.

[DallasTX_]

I am African American and utilized a Hispanic realtor. Best decision ever because the builder of my home was Hispanic, barely understood English. She was able to translate and understand them. I don’t think the realtor just has to be African American but diverse overall.

[MarchellDeadmon]

This was awesome. I’m in the process of purchasing a home and was able to obtain a black realtor for the same reasons discussed. We must be willing to work with those who look like us.

[tropic]

🌺 🌺🌺🌺💗Thank You Shaheeda! This was an amazing live. Thank you Dietric and Kevin. I learned a lot from this I will forever remember that last word from Dietric.

[niccoarcadia]

Having a nice apartment in a vibrant area of a city was always the desire. To be near to the neon lights and clubs. Getting a house meant isolation.

[wealthandwellnesswithGrace]

I agree with all the points you all mentioned. The state of real estate in the Black community is very disheartening. And if we don’t get the support from the few who are actually buying, we can’t maintain ourselves in business. Sadly, we’ve always been on the menu, we should understand what’s at stake and stop fighting to be accepted. Instead do something about our liberation by economically empowering ourselves.

[zbac]

I am 23 and finally have a good paying job here in FL. I plan to buy a property this year, unfortunately with prices it’ll most likely have to be a condo for now until I decide to get married

[anthonysutter]

I do not want to maintain a property to live in by myself (single). Apartment living suits my budget and lifestyle. I also grew up around many older people who owned homes they could neither maintain nor sell once they retired and began to live on fixed incomes. That said, for those who desire home ownership, those issues can be addressed. That's my answer as to why I'm part of that 56% of Black Americans who do not own homes.

[DallasTX_]

I’m afraid what the housing market will look like in the next 10 years when our kids grow up. Very scary what home prices and interest rates will look like.

[swervin]

Love the channel and this video. Point blank prices have to come down!!!! Inventory has to increase, and sellers have to list homes at an affordable price. Prices will continue to go up over the years, but that has never stopped previous generations from purchasing. So whats changed??? The PRICES! Im im richmond va and we have 1, 900 to 2000 sq feet homes selling for $450, 000-$500, 000. Thats unaffordable for the average American household.

[andreathomp]

Great information 👏🏾👏🏾👏🏾👏🏾 Thank you all so much

“If you don’t have a seat at the table, it’s probably because you’re on the menu”

[sherb.]

For me I'm the first person to get approved for a home loan and for me it was the fear of the unknown to purchase a home 6:33

[missbttrsctch]

Thank you Sha!!

So sorry I missed the live; but thank you ALL for your time and hard work!! I especially want to thank you for answering that last question with so much TRUTH!! I am SICK and TIRED of our people tap-dancing around these issues and trying to deny that these systemic roadblocks are still there - THANK YOU 🙏🏾🙏🏾 and bless you ALL!!!!