Page 73 - Region 5 NAR Update

• Panelistshighlightedproposalsthatwouldtacklehousingsupply constraints; improve access to credit for mortgage-ready Americans; and increase post-purchase support and counseling programs, among others.
• We’veseenhomeownershipratesamongracialgroupssteadily rise, but many of us may have expected rates to have risen more in the 50 years since the Fair Housing Act.
• Wedidseethathappenforaperiodfromtheearly90stothe mid 2000s, but many of those gains were lost – and not recovered – in the wake of the Great Recessions.
• ThatwasparticularlytrueforAfricanAmericans,as2019home ownership rates in the Black community dipped below rates from 1968 – when the Fair Housing Act was passed.
• NARcontinuesitspartnershipandongoingdialoguewiththe Asian Real Estate Association of America, the Urban Institute, and the National Association of Real Estate Brokers.
• Thesepartnershipsallowus–asanationandanindustry–to continue exploring the dimensions of this problem, the contributing factors and the multitude of potential solutions.
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