Jan 25, 2019
As a result of decades of legalized discrimination in the housing industry, huge racial disparities in homeownership still exist today. This is not acceptable in a country founded on equal opportunity. Nationally, 72 percent of white households own a home, compared to only 42 percent of black households and 46 percent of Hispanic households. Homes typically make up the largest portion of a family’s overall wealth, so these disparities in homeownership are the most significant factor in the racial wealth gap.