Black Women Gaining Advantages

As job opportunities increase, Black women can afford their own homes.
June 29, 2004, 6am PDT | Adam Weiss
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"In 2003, unmarried women were nearly twice as likely to buy homes as unmarried men. Single women make up the second-largest group of homebuyers, according to a nationwide survey by the National Association of Realtors. In metro Atlanta...single African-American women represent a particularly fast-growing group."

"From 1997 to 2002, conventional mortgage loans to black women increased by 114 percent in metro Atlanta, a draw for middle-class blacks from across the nation. That growth greatly outpaced mortgage loans to white men and white women, which increased in the region by 35 percent and 26 percent, respectively. Mortgage growth in the region was highest among single black men, but they bought fewer homes than single black women."

Thanks to Adam Weiss

Full Story:
Published on Monday, June 21, 2004 in The Atlanta Journal-Constitution


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