The Nashville Realtist chapter of the National Association of Real Estate Brokers (NAREB) held a Home Buyers Expo on Saturday, July 30. The event was held at Fifteenth Avenue Baptist Church, located at 1203 9th Avenue North, in Nashville. The theme for the day was “ReBuilding Black Wealth Through Homeownership” and the event was held as part of NAREB’s national initiative to increase Black homeownership by two million over the next five years.
The morning began with a Home Buyer Session presentation entitled “You Can Make It Homeownership.” It was followed by another entitled “ Get Ready To Buy – Affordable Housing Resources.” During a lunch break, there were presentations by First Tennessee Bank, the USDA, and ABL Realty Services. The afternoon session was entitled “Finances and Homeownership – Residential Resources.” Throughout the day, there were vendor tables with NAREB participants and other organizations giving items and ongoing financial check-up services in addition to home buyer interviews.
Gold sponsors First Tennessee Bank and ABL Realty Services sponsored food, give-a-ways and prizes for attendees. Dan Lane of ABL currently serves as the national Budget & Finance Vice-Chair of NAREB. The group will hold its 69th Annual Convention August 12-16, 2016, at the The Westin Long Beach Hotel, located at 333 East Ocean Boulevard, Long Beach, California. The theme for the national meeting is “Reimagining the Dream of Homeownership through Advocacy, Activism and Action.”
NAREB was founded in 1947, making it the oldest minority association in America. It was formed out of a need to secure the right to equal housing opportunities regardless of race, creed or color. Since its inception, members have participated in various meaningful challenges and legislative improvements to establish fair housing for all.
“Black Americans are still reluctant to enter the real estate market,” said Ron Cooper, president of NAREB. “Anecdotal as well as factual reports indicate that Black Americans bore the brunt of the major economic downturn that stripped away home equity, and in far too many instances countless loss of homes due to foreclosure Industry and government reports also indicate that homeownership rates for Black Americans remain at about 42 percent, down from a high of 49 percent in 2006. In comparison, the current homeownership rate for non-Hispanic whites is approximately 74 percent.
“NAREB intends to rebuild wealth in the Black American community through consumer education that provides consumers with correct information before entering the home buying process. We know the value of homeownership and how it significantly contributes to individual wealth building and community stabilization. Restoring confidence in homeownership is the key to building, or re-building economic security,” Cooper added.
Their national goal is to bring together the nation’s minority professionals in the real estate industry to promote the meaningful exchange of ideas about the business and how best to serve their clientele.
They strive to create an environment where creativity flourishes in both the workplace and the marketplace.
To service their target market, they seek to ensure that training and educational opportunities are available to their entire membership across the many disciplines they represent, providing certification and special designations in many areas of interest.
Their ability to professionally service their client base is the foundation by which they operate.