All the truly crazy things Biden is trying to make your mortgage go woke
Fox News
There is a troubling trend in housing, whether you're looking for a mortgage or a lease.
Roger Valdez is director of the Center for Housing Economics and a research fellow at the Foundation for Research on Equal Opportunity.
Is there a problem? According to the National Association of Realtors, homeownership has been climbing among the general population, so that 65% of Americans are homeowners or paying a mortgage.
But for Black households, the number hasn’t moved over that period, staying stuck at 44% while 72% of White people are homeowners. It shouldn’t be a surprise with a look at poverty rates – 19.5% of Blacks are in poverty while the overall poverty rate is 11.6% – and credit scores, where 54% of Blacks report a FICO score of 680 or less.
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