multi generational black family
hispanic family
< facing challenges >
Housing Disparity In The U.S.

Housing disparity in the U.S. by race is a significant issue, with Black and Hispanic Americans experiencing higher rates of housing hardship and lower rates of homeownership than White Americans.

What Challenges Do Minorities Face?

Race and Lending

Persistent high rates of loan denials and low rates of Black homeownership indicate that race can still be a factor in mortgage lending practices. Due to past racism and cumulative disadvantage, traditional measures of credit reputation, capacity, and collateral value used in mortgage underwriting models can perpetuate discriminatory lending practices against Black and Latinx households.

The Racial Wealth Gap

The racial wealth gap has a significant impact on owning a home, as Black Americans are more likely to be denied mortgages and have lower rates of homeownership compared to White Americans. This disparity in wealth between Black and White Americans is persistent and extreme, making it difficult for Black Americans to accumulate the wealth necessary to own a home.
< the gap >
Home Owner Statistics

According to the U.S. Census Bureau, there is a large gap in owning a home. Below is percentage homeownership by race. Why are these stats important? If you own your home, you can pass on that asset or “wealth” to the next generation. This allows the next generation to allocate the monies they would have spent on housing to be put towards savings or paying for a college degree.

Non-Hispanic White
< the impact >
What Is Generational Wealth And How Does It Impact Housing?

The wealth generation gap in home ownership refers to the disparity in home ownership rates and the accumulation of home equity between different demographic groups, often based on factors such as race, ethnicity, and socioeconomic status. A source of social and economic inequality, this gap can have significant implications for individuals and communities, as home ownership is often a key component of long-term financial stability and wealth accumulation. As a result, certain groups, particularly communities of color and low-income households, have faced significant barriers to achieving home ownership and accumulating wealth through home equity.

It is important to approach this topic with sensitivity and respect, recognizing the historical and systemic factors that have contributed to the wealth generation gap in home ownership. These factors include:

Discriminatory Lending Practices
Unequal Access To Education And Employment Opportunities
young black man taking selfie with family
three generations of black men
< how you can help >
Partnerships For Bridging The Gap

Yarlow is looking to partner with Home Service Professionals to provide education and discounted services to first generational homeowners. If you know someone or if you are interested in making a difference, email

HomApt Realty
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Repair vs Replace graphc

In this example, homeowners can save an average of $2,000 – $3,000 by hiring a professional to perform sealing maintenance every 2 years in harsh climates like Minnesota. That’s a substantial cost savings when you have limited savings.

< how yarlow can help >
Leveraging Tools To Close The Racial Gap

Identifying and addressing small issues before they become larger problems, can save money and avoid the inconvenience of unexpected repairs. Maintaining a well-cared-for home also enhances its curb appeal, making it a more comfortable and living space. Additionally, keeping up with maintenance can increase the lifespan of home systems and appliances, leading to greater sustainability and reduced waste.

Yarlow provides maintenance alerts to help educate homeowners about when and how to perform maintenance. Storing receipts allows users to review the maintenance history on their home and budget for upcoming costs. These simple tools can make a big difference in the home owning experience and offer several benefits.

Prevent Costly Repairs
Preserve Property Values
Maintain A Safe Living Environment
Ensure Optimal Energy Efficiency

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App Today

Get a custom guide that helps you track, maintain and update your home.

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