The term “redlining” may evoke images of 1930s bankers and real estate men drawing segregated maps in smoke-filled back rooms, but a growing log of settlements announced by the Civil Rights Division of the U.S. Department of Justice (DOJ) suggests that redlining is a persistent and pernicious practice. Occurring in both the past and present,…
In the 15 years that Christopher and Tysharda Thomas have owned their brokerage, New 2 U Homes, the national homeownership rate for Black households has only increased by 0.4% (44%). In Rochester, New York, the disparity between Black (33%) and white (71%) homeownership is a gaping 38 points. “That’s a jarring statistic…we’re kind of on…
For those interested in reducing their global footprint, there are many ways real estate teams can contribute beyond the basics like putting an office recycle bin out. Read more.
