 |
|
 |
|
|
| |
|
|
|
|
| Crushed by Rent, Homeownership More Out of Reach for Minorities: Report |
|
Rent has become a sizable expense for many households, but more so in minority communities, according to a recently released analysis by Zillow. Renters in minority communities, in effect, are having a harder time saving for a down payment on a home than renters in white ones. Why? According to the report, renters in majority black neighborhoods have to spend 43.7 percent of their income on rent, while renters in majority Hispanic neighborhoods have to spend 48.1 percent; renters in majority white neighborhoods, to compare, have to spend 30.7 percent—on par with the ideal budget for housing, 30 percent. In the last five years, the amount of income spent ...
Read More > |
|
|
|
|
|
| |
RISMedia, publisher of Real Estate magazine, is dedicated to providing real estate professionals with the most up-to-date news, information and business development resources in the industry. To submit questions, comments, suggestion, press releases or story ideas, please e-mail realestatemagazinefeedback@rismedia.com
"Branding, Positioning. . . Building Relationships since 1980"
RISMedia, Inc.
69 East Ave. Norwalk, CT 06851
Copyright ® 2025 RISMedia, Inc. All Rights Reserved. |
|
| |
|
|
|
|
This email was sent by RISMedia, Inc.. You can unsubscribe at any time.
Edit your subscription |
Unsubscribe
|
|
|
Nowadays, life is pretty delayed. While baby boomers love to take every opportunity to call millennials lazy, the truth of the matter is that we spend more time focusing on education, have more student debt than ever and spend a good deal of our 20s traveling or living in larger cities.
