Shiv Telegram Media: Analyzing the Homeownership Disparity Between Black and White Owners

Sharan White-Jenkins, a proud Black homeowner in Jamaica, Queens, New York City, is making waves in the real estate world as she continues her family’s legacy of homeownership. Her story is one of perseverance and determination, as she is part of a lineage that traces back to her grandparents who purchased a home on former Virginia plantation land where the family once worked as slaves.

According to White-Jenkins, homeownership is a crucial factor in creating generational wealth. She has personally experienced the benefits of owning a home, using the equity to send her son to college and even considering launching her own business. However, she is aware that not everyone has the same opportunities, especially in the Black community.

Despite some recent improvements, the Black homeownership rate in the US still lags significantly behind the White homeownership rate, with the gap widening over the past decade. While Asian and Hispanic homeownership rates have reached record highs, the Black homeownership rate continues to struggle.

Various factors contribute to this racial homeownership gap, including housing affordability, limited inventory, systemic barriers, income and wealth disparities, and higher rates of loan denials and mortgage rates for Black borrowers. White-Jenkins is using her own experience to champion homeownership among her friends and family, helping them navigate the process and overcome any challenges they may face.

As White-Jenkins continues to advocate for Black homeownership, she hopes to inspire others in her community to take steps towards owning their own piece of the American dream. Through her guidance and support, she is making a difference in the lives of those around her and paving the way for a brighter future for generations to come.