article thumbnail

Zillow: Black homeownership has risen, but not to 2004 level

Housing Wire

The homeownership rate among Black Americans has risen at a faster-than-average rate since 2019, but it remains well below the high point reached in 2004, according to Home Mortgage Disclosure Act (HMDA) data compiled by Zillow. Since the Black homeownership rate peaked in 2004, U.S. prior to the housing crisis and Great Recession.

article thumbnail

To boost Black homeownership, the U.S. must navigate a ‘troubling environment’

Housing Wire

The peak Black homeownership rate of 49% occurred in 2004, meaning there has been a sharp drop in the past 20 years. The past two years have been tough, but even before 2021, Black homeownership was either falling or stagnant and remains far from its pre-2004 high of nearly 50%.”

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Mortgage Credit Availability Tightens in September 

Appraisal Buzz

The expanded historical series, which spans 2004 to 2010, was developed to give the current series historical context by illuminating changes in loan availability during the previous ten years, including the housing crisis and recession that followed. Note: The expanded historical series from 2004 to 2010 does not include updated methodology.

Mortgage 387
article thumbnail

Keller Williams taps Shanan Steere to head up leadership growth

Housing Wire

Steere started her career as a real estate agent in 1997 and joined a KW affiliate in 2004, later launching a KW franchise in Shawnee, Kansas. “An exceptional talent and an amazing contributor, Shanan will ensure our core brokerage leaders remain equipped to fuel further expansion and build on our already strong culture.”

Brokerage 368
article thumbnail

UWM appoints Rami Hasani to CFO slot

Housing Wire

” Hasani holds a bachelor’s degree in accounting from Oakland University and has been a certified public accountant (CPA) since 2004. We also extend our gratitude to Andrew for his many contributions as our CFO and appreciate his continued expertise in his new role as a senior advisor.”

Mortgage 289
article thumbnail

CoreLogic: Single-family rent growth remains low

Housing Wire

Between 2004 and 2019, the typical December decline was 0.4%, making this the fifth consecutive month of below-trend seasonal growth. Atlanta followed at 0.7% growth, while Miami despite its long-term surge posted the third-lowest growth rate in December at 1.3%. Month over month, rent prices declined by 0.7%

article thumbnail

Rocket to Purchase Redfin for $1.75B

Appraisal Buzz

Founded in 2004, Redfin operates a home search platform with more than one million for-sale and rental listings and a tech-powered brokerage of more than 2,200 agents. Rocket Companies has announced that it has entered into an agreement to purchase digital real estate brokerage Redfin in an all-stock transaction for a value $1.75