Greater Kansas City Association of Real Estate Brokers

We are proud to announce our partnership with HomeLight to present a great intuitive to help increase representation within the real estate industry and our communities. The Black Real Estate Agent Program will provide financial, educational, and career support for aspiring black real estate agents between the ages of 18-35. *According to the Census Bureau, Black Americans represent less than 6% of ALL real estate professionals in the U.S.* *The goal of our partnership is to ...reduce the barriers to entry for this underrepresented group. As part of the Black Real Estate Agent Program: -HomeLight and NAREB will help cover up to $5,000 of the onboarding costs for new agents, including pre-licensing classes, agent exams and select marketing and technology needs. -Each program participant will also be paired with an experienced NAREB real estate counselor who will serve as a mentor and advisor. This provides the agent with the knowledge and experience of a trusted coach, which is greatly needed when entering the industry. If you or anyone that you know may be interested in this great opportunity to kickstart their real estate career, feel free to reach out to us directly here on FB, or follow the link below for the online application. https://www.homelight.com/black-agent-program https://www.nareb.com/black-real-estate-agent-program/

Our National office (NAREB), has just held our 2nd annual National Conversation on Black Homeownership! This was a great opportunity to hear from professionals across the Nation discuss the many historical and current barriers that directly account for the homeownership and wealth gap in our communities. Solutions to combat these barriers were presented, as well as an agenda for Public Policy. In addition to the outstanding dialog, NAREB also released the 2020 edition of its ...State of Housing in Black America (SHIBA) report. The (SHIBA) Report gives a very comprehensive and detailed view into the real numbers and facts that impact and impede Black families from realizing the dream of homeownership. The stats are very telling and show how uneven mortgage lending practices, cumulative disadvantages and COVID-19 continue to obstruct growth of Black homeownership and wealth. Please take some time to download and view the report, which can be found at https://www.nareb.com/shiba-report/ A few statistical takeaways from the report: *Blacks have a higher share of owner households headed by women than any other category of owner households. *Black borrowers pay significantly higher rates for FHA-backed loans, and higher rates for conventional mortgages. *In 2018, 53% of Black mortgage borrowers obtained FHA or VA loans, compared to 23% of White borrowers. *Only 5% of the conventional market were loans to Black borrowers, compared to 15% of the FHA/VA market. *In 2019, 10 lenders were responsible for originating 24% of mortgage loans to Black borrowers. Of those 10, only 3 were traditional depository banks. *Black applicants are more than twice as likely to have their loan applications rejected. The SHIBA report also includes recommendations designed to support the growth of opportunity for Black Americans to purchase homes and to maintain homes if they already own. The President of NAREB, Donnell Williams stated, Statistics oftentimes can be ignored or tabled. However, when the story is told through the eyes of young Black Americans experiencing the rigors of trying to purchase a home for a growing family, you clearly see that structural and institutional remedies are necessary"

Down payment continues to be the #1 hurdle to homeownership for buyers. Did you know you have options beyond 20% down? Message me to learn more.

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Greater Kansas City Association of Real Estate Brokers is inviting you to a scheduled Zoom meeting. Topic: National Homeowner Weekend: Homeownership Summit Time: Jun 27, 2020 10:30 AM Central Time (US and Canada)... Join Zoom Meeting https://us02web.zoom.us/j/85175610060 Meeting ID: 851 7561 0060 Password: NAREB One tap mobile +12532158782,,85175610060#,,,,0#,,790702# US (Tacoma) +13462487799,,85175610060#,,,,0#,,790702# US (Houston) Dial by your location +1 253 215 8782 US (Tacoma) +1 346 248 7799 US (Houston) +1 669 900 9128 US (San Jose) +1 301 715 8592 US (Germantown) +1 312 626 6799 US (Chicago) +1 646 558 8656 US (New York) Meeting ID: 851 7561 0060 Password: 790702 Find your local number: https://us02web.zoom.us/u/kMC0ZjLY

Get tickets for one of our two FREE home buyer seminars held via Zoom this weekend. *Saturday: 10:30am-12:30pm* *Sunday: 1:00pm-3:00pm*... Register for free below and feel free to share with those interested in home ownership.

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You can check your credit via the three agencies at www.annualcreditreport.com free once a year. This article indicates that has been expanded for a period of time to once a month.

See what President Donnell Williams has to say about the stimulus package and its effect on the mortgage industry. . .