A new report from the National Association of REALTORS®, “Snapshot of Race & Home Buying in America,” lays emphasis on the continued need for work for racial equality in real estate.
The report examines the changes in the homeownership rate by race from 2009 to 2019, showing that minority homeownership continues to lag behind the national average rate. NAR officials are calling for housing policy initiatives to help close the gap, which stems from policies that shut generations of minority groups out of wealth gains that can be achieved through long-term ownership.
[…] The National Association of REALTORS® has implemented a number of initiatives to help combat bias and close the racial gap. Last year, the association implemented its fair housing “ACT” plan, which emphasizes Accountability, Culture Change, and Training. NAR also released a new interactive training platform called Fairhaven, designed to help combat discrimination in the housing market. And, NAR developed an implicit bias training video that highlights strategies to help REALTORS® override biases in their daily client interactions. Both programs are available free to members.
Find the full article online here: New NAR Study Underscores Commitment to Racial Equity