RACHEL SYKES, realtist of the week

 



October monthly business meeting

image137

  

Charlotte Area Transit Systems CEO John M. Lewis  was the guest speaker for Charlotte Crown's October monthly meeting. Mr. Lewis will provide a briefing on transit issues impacting Charlotte and the region.  His  discussion was critical to hear as housing and mixed-use development becomes more centered around transit. Mr. John M. Lewis arrived in September 2015 and has taken CATS into a new era of transit with the opening of the 9.3-mile LYNX Blue Line light rail extension and launching the bus system redesign initiative, Envision My Ride. Be a part of this informative discussion and stay abreast of the local transportation capabilities.



image144

in the real estate industry? Come grow with us!

 We are the faces of advocacy and education for democracy in housing for all. We are REALTISTS®. We promote the highest standards of professional integrity and follow a strict code of real estate industry ethics. We welcome all real estate professionals who believe in  “Democracy In Housing.” Become a member today! 

image145
image146

African Americans underserved, overcharged by US banks

By Zack Budryk

 

The relative rarity of banks in nonwhite neighborhoods is exacerbating the racial wealth gap by leaving African Americans more reliant on expensive financial services such as payday lending institutions, according to Reuters, citing research by McKinsey & Co.


The study found that majority-white counties have an average of 41 financial institutions per 100,000 people, compared to 27 in non-white majority neighborhoods.


It also found banks in majority-black neighborhoods tend to require a higher minimum account balance, with an average minimum of $871 in black neighborhoods compared to $626 in white neighborhoods.


“Black families are being underserved and overcharged by institutions that can provide the best channels for saving,” McKinsey partners Shelley Stewart and Jason Wright wrote in the report.

Racial wealth disparities have widened in recent decades, according to Reuters. In 2016, the average white family had a net worth of $171,000, more than 10 times the median net worth of $17,600 among black families.


Closing the gap would bring a spike in investments and consumption that could increase gross domestic product as much as 6 percent by 2028, according to McKinsey.

The wealth gap has become an issue in the presidential race as well, with Sen. Elizabeth Warren(D-Mass.) publishing a plan to give $7 billion to minority entrepreneurs and expand the Community Reinvestment Act.


Sen. Kamala Harris (D-Calif.), meanwhile, issued a plan in July to invest $100 billion in black homeownership.


“We must right the wrong and, after generations of discrimination, give black families a real shot at homeownership, historically one of the most powerful drivers of wealth,” Harris said at the Essence Festival in New Orleans.


This article is taken from the website of the National Association of Real Estate Brokers.



Learn More

Have a comment about this article?  Email info@charlottecrown.org

Congratulations region V Vice President Sheryl Merritt

image147

Charlotte Crown members attend the 2019 NAREB CONVENTION

image148

Charlotte Crown Black Real Estate Association members attended the 2019 National Association of Real Estate Brokers Convention in Atlantic City, New Jersey.  Pictured are Patricia Ledbetter, Alece Alexander (Secretary), Toni Jones, Tawanda Burney (2nd Vice President), Art Cotton (Treasurer), Sandra Norman (Marketing Committee Chair), Antonio Worsham (1st Vice President), Kelly Panaro (Assistant Treasurer), Wendell Hill and Stephone Johnson.  Also pictured is Charaka Cook, member of South Carolina Chapter of NAREB.  MJ Watkins (Board of Directors Chair) also attended.

image149

image150

 

image151

image152

OUR SPONSORS

image153
image154
image155
image156

 


Our Mission

image157

Empower our communities to increase home ownership through education, financing and other resources; as well as provide economic and professional development opportunities for our membership.  


Realtists Are...

Realtists include Real Estate Brokers, Mortgage Originators, Real Estate Attorneys, Appraisers, Home & Pest Inspectors, Property Managers, Real Estate Instructors, Insurance Professionals, Handyman, and More...  Realtists promote the highest standards of professional integrity by following a strict code of ethics pursuant to professional certifications and accreditation. Realtists advocate for public policies that protect and expand sustainable affordable housing and home ownership.

Charlotte Crown

image158

Charlotte Crown Realtist Association was chartered in 2004.  Charlotte Crown/NAREB are known as ‘Realtist’ and focus on promoting the highest standards of professional integrity. The organization is driven by its mission of creating "Democracy in Housing" and currently has an initiative to increase Black home ownership by 2 million over the next 5 years. The strategic vision of Charlotte Crown

is to rebuild black wealth through home ownership.  Charlotte Crown is the local advocate to serve the under-served

 and meet the needs of the 

Greater Charlotte area. 


Our Mission

Empower our communities to 

increase home ownership through 

education, financing and other resources; as well as provide economic and professional development opportunities for our membership.  



Our History

image159

Charlotte Crown Realtist Association is the local chapter of the National Association of Real Estate Brokers (NAREB).  NAREB was founded in 1947, as an equal opportunity and civil rights advocacy organization for African American Real Estate Professionals, Consumers, and Communities.  NAREB has fought to ensure that African-Americans and other minorities received fair treatment in all real estate transactions.  NAREB is the oldest minority trade association and its members are known as ‘Realtist’ and focus on promoting the highest standards of professional integrity.  NAREB's holds a vision of creating "Democracy In Housing" in the Greater Charlotte Area.  With our diverse membership base, we focus on every facet of the real estate market.

Get To Know Us

Sign up to hear from us about joining, meetings, and events.

Schedule & Visit Us @

601 E 5th St Ste 330J

Charlotte, NC 28202