In a recent report, Zillow outlined researched trends on minority access to housing, outlining the different experiences between races when seeking a mortgage, buying a home and during homeownership.
According to the report, the differences start at the beginning of the process, with minorities very underrepresented among successful mortgage applicants, and they extend all the way to homeownership. Once the dream of owning a home is achieved, Zillow research found that neighborhoods that are predominantly black or Hispanic continue to struggle more than neighborhoods with heavy white or Asian populations.
Zillow will host Department of Housing and Urban Development (HUD) Secretary Shaun Donovan on Jan. 22nd for a town hall meeting via live stream from our headquarters in Seattle.
The event, entitled Building Equality in Housing, will connect prospective home buyers and others directly with Secretary Donovan and bring us more information about what HUD and the Obama administration are doing to address these issues.
What: Donovan will discuss the current state of minority access to housing. He will take questions directly from mortgage applicants, home buyers and homeowners.
When: Wednesday, Jan. 22 at 10 a.m. PT (1 p.m. ET)
If you are interested in participating in the event please submit questions by tweeting to @Zillow using the hashtag #BuildingEquality.
Source: Zillow, Inc.
Edited by Gordana Davila