Homeownership is good for families, businesses, and the broader community—but historical barriers have made it difficult for many to succeed at buying a home. So what should you know about the history, data, and current trends in homeownership before you buy? And why should you care?
In this episode, Beginner to Buyer podcast host Nadeska Alexis sits down with Cerita Battles, Head of Community & Affordable Lending at Chase to talk about these historical trends and unpack why they are relevant to homebuyers today. Cerita overviews data on the importance of ownership to family stability as well as the benefits that higher rates of homeownership confer on communities. She outlines historical barriers to entry that excluded some groups more than others from homeownership, and she describes how those policies and norms have impacted generational wealth in this country for centuries.
It’s enough to discourage many minority or less-privileged individuals from even attempting to buy a first home, but Cerita delivers an encouraging perspective. As Head of Community & Affordable Lending at Chase, her mission is to help tear down those historic barriers faced by minority consumers and underserved communities. And, she shares, the demographics around homeownership are improving. For instance, according to the National Association of Realtors, nearly 25 percent of properties today are owned by single women.
Cerita also shares how the financial services industry is prioritizing strategies aimed at expanding homeownership to more families and individuals. You’ll hear her discuss both the real obstacles and the misperceptions about homebuying that can impact your progress toward homeownership. So if you’re someone who wants to buy a home but is concerned about qualifying for a mortgage or other aspects of the homebuying journey, you’ll find inspiration and pearls of wisdom as Nadeska and Cerita de-mystify the process and arm you with knowledge for success.
You can read the full transcript on the Chase Website
Popular Podcasts
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com