Black Women Lead the Charge in Homeownership Surge

This post was originally published on Word In Black By Stacy M. Brown A report released on Feb. 17 by the National Association of Real Estate Brokers (NAREB) revealed that African American women have emerged as trailblazers in Black homebuying, collectively making significant strides in education, employment, and entrepreneurship. The NAREB’s 2023 Women Investing in Real Estate (WIRE) report revealed a 5.6% increase in homeownership among Black women between 1990 and 2019. During the pandemic, Black women aged 45–54 and those over 75 experienced the most significant growth, with a 2.9% increase. Even in the initial stages of the pandemic, when homebuying slowed, Black women outperformed their male counterparts. “With the rise of Black women buying homes, there is hope for the future. Homeownership is a testament to the resilience and strength of Black women, contributing to closing the racial wealth gap and creating paths toward long-term financial stability and a legacy for their families,” Dr. Courtney Johnson Rose, president of NAREB, expressed in a news release. “The upward trajectory of Black female homeownership embodies the resilience and determination to overcome historical challenges and pave the way for social and economic progress,” Dr. Rose added. Further highlighting the positive trend,...