Exodus of Black buyers from Boston | Protests without a point | Suing Big Real Estate | Quick Hits | About Contrarian Boston | Righting a wrong or just greedy? Local home sellers make federal case out of commissions paid to real estate agents OK, few consumers are enamored with how real estate agents do business, especially when it comes to shelling out as much as 5 to 6 percent in commissions with the sale of a home.
The reasons why blacks do not enjoy the same homeownership rates as whites are numerous. The primary one being a much lower level of personal income. The median income for blacks is 30% lower than whites. Blacks also suffer higher levels of unemployment, as well as lower educational attainment rates. Lower black homeownership rates are the result of widespread socio-economic disparity and not the cause.
The reasons why blacks do not enjoy the same homeownership rates as whites are numerous. The primary one being a much lower level of personal income. The median income for blacks is 30% lower than whites. Blacks also suffer higher levels of unemployment, as well as lower educational attainment rates. Lower black homeownership rates are the result of widespread socio-economic disparity and not the cause.