Discrimination in the Real Estate Industry: Survey Results

August 3, 2020

The United States has made long strides in its civil rights movement. But things are still far from perfect. In a recent survey by Zillow, the real estate giant reports that the disparity between white homeowners and black homeowners is staggering. 

The specifics are telling. According to the data from the Home Mortgage Disclosure Act, black applicants are denied a mortgage at a rate of 80% higher than white applicants.

Thought black homeownership is up since the recession of 2008, it has stalled out at 44% out of all homeowners.

Zillow survey data also revealed that black homebuyers are 59% more concerned about being discriminated against during the home buying process than white buyers (46%). This is with good reason, as the survey showed that lenders deny mortgages to black applicants at 1.8 times the rate of white applicants. The denial rate for conventional loans is 2.2 times higher for black people compared to white people. This is due in part to credit history playing a role in the decision making for lenders. 

Discrimination is rampant in many aspects of our lives, even when it comes to looking for a dream home. Something that needs to be addressed by companies within the real estate industry. 

August 3, 2020
Victoria has been writing about property portals and marketplace sites for Online Marketplaces for over 3 years. She is also our resident artist and is responsible for all of the infographic content on the site.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Hemnet Building With Logo Editado
​Hemnet Delivers Strong Q1 Results Amidst Product Innovation and Market Momentum​

Sweden's leading property portal, Hemnet, has reported impressive financial results for the first quarter of 2025, showcasing the robust growth...

Read More
Product Update 2025Apr25 1
Product and Services Roundup: Loopnet, Finn.no, REA Group, Rightmove, Housing.com, AtHome.jp

This week's Product Roundup is flush with some of the biggest names in global real estate. We'll start in Europe,...

Read More
Offerpad Opendoor Stock 2
American iBuyers Opendoor and Offerpad Both Face Delisting From Stock Exchange

U.S.-based iBuying firm Offerpad has received a notice from the New York Stock Exchange regarding non-compliance with continued listing standards....

Read More
Untitled Design 9 3
Zillow Begins Rolling Back its Two-Tab Search Experience

Zillow has begun rolling out a major update to its search experience, moving away from a rule it once implemented...

Read More

Editor's Pick