“I just wanted to be able to take care of my family' - Research by the National Association of Realtors reports that while housing affordability hit historic lows last year, minority groups are at a disadvantage when it comes to buying a home RobynOguinye
She moved around the country and eventually made her way back to Utah when rent was more affordable.
“I am now paying $2,480 a month. I spend every dime, I try to be really frugal. I try to make out the monthly food that I’m going to eat," she said."I really have to budget my money because it actually takes one of my two weeks' checks to pay rent.” According to research by the National Association of Realtors, while housing affordability hit historic lows last year, minority groups are at a disadvantage when it comes to buying a home.The net worth of a Black family: around $24,000.
For renters like Frazier who want to buy a home, this map from the NAR shows how many Black renters in Utah can afford to purchase a home. Black Americans have the highest denial rates for purchase and refinance loans, as high as 20% of mortgages being denied compared to 15 percent of Hispanic, 11 percent of White and 10 percent of Asian applicants.
“They haven’t done enough research to even know the right questions," says Williams."They need to make sure that they know the right questions, don’t just go out there asking questions without giving some thought to it.”
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Could a current MLB team relocate to Salt Lake City?One of Big League Utah's top leaders said Utah could 'potentially' bring in a team relocating from elsewhere.
Leer más »
Pornhub goes dark in Utah to protest age verification lawPornhub has shut down in Utah.
Leer más »
Hospitals join UMMC in departing Mississippi Hospital AssociationA handful of hospitals have joined UMMC in ending their membership with the Mississippi Hospital Association.
Leer más »
Utah animal rescues and shelters overcrowded as owners abandon petsAnimal shelters and rescues are overflowing with pets in need of homes and a rescue organization says one reason for the crowding is that owners are abandoning their pets. JFRANCHIREPORTS
Leer más »
Utah named the best state in America for 2023WE'RE THE BEST 🥇 You may have long-held beliefs that Utah is the best, but now the Beehive State has proof as new rankings by U.S. News put Utah in the top spot for the best state in America.
Leer más »
Utah medical examiner returns to stand in Lori Vallow Daybell murder trialProsecutors continue to present jurors with new information in the murder case against Lori Vallow Daybell as testimony continues for the 15th day.
Leer más »