During NAREB’s annual “State of Black America” forum, Donnell Williams, the newly installed president of NAREB, will announce an aggressive program to reach out and encourage Black millennials to consider, or re-consider, homeownership as a wealth building tool.
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“Statistics show that there are 1.7 million Black millennials making $100,000 or more and could improve their financial futures with homeownership or participation in real estate investment opportunities. NAREB is determined to reach them with messages that rebut, yet improve, some of their current lifestyle choices,” says Donnell Williams, the newly installed president of NAREB. What’s more, he adds, homeownership is critical. “One clear message to millennials: Think about a house before you buy the car.”