Homeownership remains a key driver of financial stability and wealth creation for American households, accounting for nearly two-thirds of their net worth. Yet, for Black Americans, it continues to be an uphill battle. The homeownership rate for Black households...
The past decade has seen Hispanic households contribute significantly to homeownership growth in the United States. Data shows that Hispanics have been responsible for 25% of the overall increase in homeownership nationwide over the last 10 years. In 2023, the...
Homeownership stands as a cornerstone of financial stability and wealth accumulation for most Americans. Yet, for Black Americans, it remains an enduring challenge. The Federal Reserve Bank of St Louis reported in Q4 2023 that the homeownership rate of Black...
Under-banked McDonald’s employees in St. Louis, Missouri now have access to a low-fee mobile banking account, the opportunity to build credit, and be eligible for additional financial products and services to help them achieve their financial goals. In a...
Hispanic homeownership is growing at a record pace despite affordability and inventory challenges across the United States. Fueled by rapidly forming households, a key precursor to homeownership, and younger homebuyers (the median age of Hispanic first-time...
Homeownership is a critical component of financial stability and wealth building, but for Black Americans, achieving and sustaining homeownership has been a long-standing challenge. According to the U.S Census Bureau, the homeownership rate of White households was...
Across the United States, Hispanic homeownership is growing at a record pace. Fueled by young first-time homebuyers, the rate has continuously increased since 2014, reaching 48.4% in 2021. Looking at data from the 2021 State of Hispanic Homeownership Report...
The composition of American homeownership is evolving. The outdated notion that women are the co-borrowers on a mortgage application is being challenged as more women increasingly take on the responsibilities of homeownership on their own. According to Maxwell, 1...
As homebuyers across the country grapple with an affordable housing crisis, there’s an even larger issue facing the mortgage industry - the disproportionate homeownership gap between Black and White Americans. According to the U.S Census Bureau, the homeownership...
Access to credit and housing is increasingly detached from those who need the most assistance. Approximately 63 million adults in the US are unbanked or underbanked with no on-ramps into the financial system. As a financial technology firm focused on financial...