Black women are outpacing Black men when it comes homebuying.
Single female homebuyers are most common among Black women, representing 27% of Black homebuyers, according to the 2023 Snapshot of Race and Home Buying in America report by the National Association of Realtors.
More from Personal Finance:Rental markets are cooling, but it 'doesn't mean they're falling'What renters need to know to make rent count for credit'Housing affordability is reshaping migration trends,' economist saysBut single Black women buyers still face plenty of challenges.
"There are instances where Black people are buying homes, Black women are buying homes.
That doesn't mean that it's easy for them and that doesn't mean that it's not being made unnecessarily difficult by certain societal hurdles that stand in the way, that should not exist," said Jacob Channel, a senior economist at LendingTree.
Persons:
Realtor.com, Jacob Channel
Organizations:
National Association of Realtors, Finance
Locations:
America