Overview

• Redfin reports Black homeownership at 43.9% in Q2 2025, down from 45.3% a year earlier and far below the 74% rate for non-Hispanic white households.
• The Black unemployment rate reached about 7.2% in July, the highest since 2021, compared with 4.3% nationally, according to figures cited in the Redfin analysis.
• BLS data show Black women’s unemployment rose to 6.3% from 5.5% year over year, with roughly 200,000 fewer Black women employed than last August, a key concern given single Black women account for 33% of Black homebuyers.
• Redfin’s chief economist links the downturn to federal layoffs and DEI rollbacks; the federal workforce has shed an estimated 84,000 jobs since January, a shift that historically hits Black workers hard.
• Analysts note affordability is slowly improving as 30-year mortgage rates slip below 6.5% and price growth cools, yet barriers persist, including findings that Black borrowers are nearly twice as likely to be denied a mortgage.