More Americans Own Their Homes, but Black-White Homeownership Rate Gap is Biggest in a Decade, NAR Report Finds

• While the U.S. homeownership rate increased to 65.5% in 2021, the rate among Black Americans lags significantly (44%), has only increased 0.4% in the last 10 years and is nearly 29 percentage points less than White Americans (72.7%), representing the largest Black-White homeownership rate gap in a decade.
• Asian and Hispanic Americans experienced the biggest homeownership rate gains over the last decade. Asian American households rose nearly 5 percentage points, driving the rate to an all-time high (62.8%). Hispanic American households increased by more than 4 percentage points to 50.6%.
• Black homeowners and renters are more cost-burdened than any other racial group. Less than 10% of Black renters can afford to buy the typical home.

Article compliments of  NAR (National Association of Realtors)  copy/paste the link below for full article

https://www.nar.realtor/newsroom/more-americans-own-their-homes-but-black-white-homeownership-rate-gap-is-biggest-in-a-decade-nar