Which of the following is a common barrier faced by minorities in housing markets?

Discrimination in lending practices is a significant barrier that minorities often encounter in housing markets. This kind of discrimination can manifest in various forms, such as differential treatment in mortgage lending, denial of loans based on race or ethnicity, and higher interest rates compared to similarly qualified applicants from majority groups. Such practices can severely limit access to homeownership and the ability to secure housing in desirable areas, leading to long-lasting inequities in wealth and housing stability within minority communities.

Understanding this barrier is crucial for housing counselors as they work to advocate for fair treatment and help clients navigate the complexities of the housing market. This includes recognizing the impact of discriminatory practices and guiding clients toward resources that can help mitigate these challenges.