A Call to Action to all First Time Home Buyers
Owning a home can provide a sense of freedom and stability in the present, as well as the future, and is often viewed as a milestone. While not everyone wants to own a home, many people face barriers that prevent them from becoming homeowners. In previous posts, I have discussed the ways discriminatory redlining strategies continue to impact the community, as well as the market today. This article will describe the extent of the homeownership gap between age and racial groups. If you have not bought your first home, consider these points and research first-time homebuyer programs in your area to help bridge the gap. A Reduction in New Families Buying Homes An article titled Home Ownership and the American Dream by Laurie S. Goodman and Christopher Mayer provides insight into the ways trends in homeownership have varied over the years. According to the article, studies found that in 1985 married couples with at least one child under 18 were the largest group buying a home at...