NAREB’s Lydia Pope on creating Black generational wealth through homeownership

In today’s RealTrending podcast, we speak with Lydia Pope, president of the National Association of Real Estate Brokers about how the organization is educating Black high school and college students on how to create generational wealth through homeownership. We go over Black homeownership statistics, advocacy, proposed changes in loan level pricing and more in this informative and eye opening podcast.

Here is a small preview of today’s interview with Lydia. The transcript below has been lightly edited for length and clarity:

Tracey Velt: You’re especially passionate about education and helping black individuals and families acquire the American dream of homeownership. So let’s talk a little bit about some of those actions that you think are necessary and some of the initiatives that you’re supporting.

Lydia Pope: One of our pillars is our government relations and advocacy. We speak with our congressional folks when whenever we have our State of Housing in Black America, we always invite our congressional leaders just so that they can hear what’s happening within the black community and support us on any legislation that we’re looking to put out.

Another part of dealing with that is student loan debt, downpayment assistance, appraisal biases, and then definitely working on the loan level pricing and credit. We’re going to Congress, we’re speaking with our voices, we’re talking about policies, we’re supporting some of the policies. It’s very important for us that we have to have the voice of black homeownership and black community. What we do as an organization is how we work with all of our local boards and that’s gonna be happening in 2023.

The RealTrending podcast features the brightest minds in real estate. Twice a month, brokerage leaders, top agents, team leaders, and industry experts share their success secrets, trends, and lessons learned navigating this ever-changing industry. Hosted by Tracey Velt and produced by Elissa Branch.