Real Estate Industry Works to Change Its Ways

Reckoning with its historical role in promoting racism in homeownership, real estate professionals is rewriting rules and working to help increase Black homeownership. This is some excellent reporting about our industry and the many reckonings. Also, Dave Jones from Tacoma Windermere is featured.

According to the New York Times, earlier this summer, one day before the first-ever Juneteenth federal holiday in the United States, Marcia Fudge, the secretary of the Department of Housing and Urban Development, stood at a podium in Cleveland and made a bold pledge: By 2030, there will be 3 million new Black homeowners in the United States.

The 3by30 initiative is a project of the Black Homeownership Collaborative, a coalition committed to transforming the real estate industry, which for decades has been complicit in redlining, housing discrimination, and racially motivated discrepancies in appraisals.