Search results
Results from the WOW.Com Content Network
By 1925, Nail's business owned around fifty apartment buildings in the Harlem area. Nail became the most important Black real estate agent in New York City, and sat on the Real Estate Board of New York and the Housing Committee of New York; in each case he was the only African-American member. [1]
The White House and the Department of Housing and Urban Development have heard the arresting stories of Black people’s homes’ being underappraised by up to $500,000 and Black homeowners ...
Blacks were shut out of the private real estate market, with many unable to purchase homes and bankers using federal appraisal policies that unfairly ruled black neighborhoods to be dangerous, risky investments, and were thus able to outright refuse loans to African-Americans. [41]
The National Association of Real Estate Brokers (NAREB) is a real estate trade organisation that was established on July 29, 1947. NAREB was created by African-American real estate professionals as an alternative space for African-Americans who were racially and specifically excluded from the National Association of Realtors .
The National Association of Realtors reports that white real estate brokers make roughly three times as much as their Black The post White real estate agents earn 3 times more than Black real ...
For premium support please call: 800-290-4726 more ways to reach us
Blockbusting was a business practice in the United States in which real estate agents and building developers convinced residents in a particular area to sell their property at below-market prices. This was achieved by fearmongering the homeowners, telling them that racial minorities would soon be moving into their neighborhoods.
Many Black-owned businesses were already in a tough financial spot when the crisis hit, and were less equipped to outlast the prolonged business closures seen in areas with high infection rates ...