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How increased Black homeownership can put a dent in the racial wealth gap

Despite record-low Black unemployment and a higher labor force participation rate than white people, major barriers impede homeownership among Black Americans, a fact that contributes to a yawning racial wealth gap. The gap is so expansive that the 400 wealthiest Americans control the same amount of wealth as the 48 million Black people living in the United States. Importantly, however, there are solutions.

Courtney Johnson Rose serves as president of the National Association of Real Estate Brokers, or NAREB, the premier network of Black real estate professionals and one of the oldest minority trade associations in the country, with more than 100 chapters nationwide. The organization is sponsoring a Building Black Wealth Tour in cities around the country, featuring classes, workshops and one-on-one counseling to advise families on home buying, investing and careers in real estate. 

With her background — both personal and professional — in the field, Rose is prepared to tackle this challenge. And she is my guest on this episode of Equal Time.

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