Black Buyers at a Disadvantage Over Others: Zillow

Affordability is a growing problem—but for black buyers, it has created a deep disadvantage over other groups, according to an analysis newly released by Zillow. Based on the black household income (a median $39,466), and without exceeding the 30 percent housing spend standard, black buyers could afford just 55.3 percent of listings nationwide in 2017—a […]

The post Black Buyers at a Disadvantage Over Others: Zillow appeared first on RISMedia.

Black Buyers at a Disadvantage Over Others: Zillow

Affordability is a growing problem—but for black buyers, it has created a deep disadvantage over other groups, according to an analysis newly released by Zillow. Based on the black household income (a median $39,466), and without exceeding the 30 percent housing spend standard, black buyers could afford just 55.3 percent of listings nationwide in 2017—a […]

The post Black Buyers at a Disadvantage Over Others: Zillow appeared first on RISMedia.

Millennials Are Redefining Home-Buying Standards—and Gen Z Is Next

The home-buying approach varies from generation to generation—and in order to overcome down payment hurdles, millennial buyers are transforming the standards of homeownership set by baby boomers, according to the 2017 Zillow Group Report. In fact, less than half (39 percent) of millennials submit offers with the recommended 20 percent down payment. Twenty-one percent put […]

The post Millennials Are Redefining Home-Buying Standards—and Gen Z Is Next appeared first on RISMedia.