Despite a nationwide dip in first-time homeownership, Black buyers have bucked the trend in 2024, leading the market with 62 percent purchasing their first home, according to new data released by Zillow Thursday. This continues a growing trend, with Black first-time buyers making up 55 percent of the market in 2022 and 63 percent in 2023.
Source: Inman News
Black households led first-time homebuyer market in 2024
Published in affordability, affordability challenges, Birmingham, Black homebuyer, black homeonwership, black homeownership, california, California affordability, California affordable housing, down payment assistance, first-time buyer, first-time buyer tax credits, first-time homeownership, generational wealth, homebuyers, housing affordability, inman, lending options, Markets & Economy, memphis, News Brief, Orphe Divounguy, seattle, Select, St. Louis, unaffordable markets and Zillow
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