Affordability has plagued many homebuyers for a long time, but no group is challenged more than Blacks, according to a recent report from Redfin.
Redfin chief economist Daryl Fairweather said in prepared remarks that Black families have been hit especially hard "because they're often less wealthy, to begin with."
Black Americans have less generational wealth and lower credit scores (and sometimes no credit scores at all) compared to white Americans.
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