Not so long ago, reports on home-buying in your market were happy stories. These days, with both home prices and mortgage rates soaring, housing packages are as gloomy as crime packages.
One way to keep these packages from sounding the same: focus on niches instead of just the aggregate. Depending on your market, you might easily be able to acquire stats for, say, Black or Asian homeownership.
One of the most helpful sources is the National Association of Realtors, which often issues reports like this one from 2023: “More Americans Own Their Homes, but Black-White Homeownership Rate Gap is Biggest in a Decade, NAR Report Finds.” The national organization can help you find loquacious realtors in your area, who can provide some local observations if not hard data.
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