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The National Association of Real Estate Brokers (NAREB) has released its yearly report on the State of Housing In Black America (SHIBA).

According to the report, there is a widening gap between Black and White homeownership rates.

The report pointed out how some significant factors continue to contribute to the widening differences between the Black and White homeowners.

SHIBA 2020 report was authored by a Professor of Marketing at the George Washington University School of Business, Vanessa Gail Perry, MBA. According to Vanessa, the significant discoveries in the report are:

  • Most of the black population, 62%, in the United States live in 20 MSAs. As of 2019, only 25% of the Blacks lived in homes that were more than the median prices of $253,000.
  • Black homeowners with college degrees are just 3.2% higher than high school dropouts who are White.
  • Most black homes have households that are headed by women than any other category of owner households.
  • Black mortgage borrowers tend to pay a higher rate, especially for FHA loans and conventional mortgage loans.
  • Over 50% of Black mortgage borrowers used FHA backed loans, or a VA approved loan compared to only 23% of White borrowers.
  • 24% of all mortgage loans obtained by Black borrowers came from 10 lenders. Of those ten lenders, only 3 of them were traditional banks.
  • A black applicant is more likely to have his mortgage loan request rejected.

Donnell Williams, the President of the National Association of Real Estate Brokers, believes that this year’s statistical report shows the number of difficulties facing the black community. He further went on to say that the story being told through the prism of the reality of a young Black American would make one appreciate the enormous amount of differences and the level of work that Blacks have to put in to combat both structural and institutional obstacles set against them. This he believes, plays a role in the widened gap of homeownership.

Dr. Perry also reinforces the President’s words when she said that the gap between the two communities has kept rising because of systemic racism and the vast amount of disadvantage that has been increased over the years.

The report recommends that the Fair housing act should be re-enacted so that it protects the fair housing regulations, that opportunity zones funds should be directed to residents instead of investors, a continuation of the CARES act, and a whole lot of other recommendation they believe would work in favor of closing the gap between the white and black community.

The Power Is Now, continues to keep you updated with the latest news in the real estate market, as we strive for advocacy of homeownership, wealth building, and financial literacy for low to moderate-income and minority communities. In this regard, we have a team of professional realtors— VIP Agents stationed nationwide to help you with anything you need in attaining your homeownership dreams. You can get in touch with the VIP Agents at If you can’t find an agent from your area, you can contact me directly for a referral. Also, ensure you stay updated with any developing real estate market news by regularly checking our blog page at You can also set up an appointment to speak directly to me at  

Disclaimer: The views and opinions of Eric Lawrence Frazier are his own and do not necessarily represent views of First Bank or any organization affiliated with Eric Lawrence Frazier, or the Power Is Now Media Inc.  First Bank is an Equal Credit Opportunity Lender. Eric Lawrence Frazier MBA is also a Vice President and Mortgage Advisor with First Bank.  NMLS#461807 and a California Licensed Real Estate Broker DRE# 01143482. Email:  Ph: 714- 475-8629.

Eric Lawrence Frazier MBA

President and CEO

The Power Is Now Media Inc.



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