Housing Equality & Policy

Black Homeownership Rate Drops to Lowest Level Since 2021

The Black homeownership rate fell to 43.9% in the second quarter, while the Hispanic homeownership rate ticked up slightly. The drop in the Black homeownership rate may be tied to the rising Black unemployment rate, which sits at 7.2%—the highest level since 2021. The Black homeownership rate fell to 43.9% in the second quarter—the lowest

Starter Homes Are Affordable to the Typical Black Family in Just 10 Major U.S. Metros

Starter homes are affordable to a Black family earning the local median income in 10 major U.S. metros: Detroit, St. Louis, Baltimore, Indianapolis, Philadelphia, Cleveland, Pittsburgh, Warren, Columbus and Kansas City. For white families, starter homes are affordable in 32 major metros.  In San Francisco, a Black family earning the local median income would have

The Pool of People Taking Out Mortgages In America Is Becoming Less White

White people took out 62% of new mortgages last year, down from 64% in 2022 and 70% in 2018. Meanwhile, the share taken out by Hispanic, Black and Asian buyers ticked up. People of color are taking out a rising share of mortgages because an increasing share of them are of prime homebuying age, and

Black Homeownership Rate Drops to Lowest Level Since 2021

The Black homeownership rate fell to 43.9% in the second quarter, while the Hispanic homeownership rate ticked up slightly. The drop in the Black homeownership rate may be tied to the rising Black unemployment rate, which sits at 7.2%—the highest level since 2021. The Black homeownership rate fell to 43.9% in the second quarter—the lowest

Starter Homes Are Affordable to the Typical Black Family in Just 10 Major U.S. Metros

Starter homes are affordable to a Black family earning the local median income in 10 major U.S. metros: Detroit, St. Louis, Baltimore, Indianapolis, Philadelphia, Cleveland, Pittsburgh, Warren, Columbus and Kansas City. For white families, starter homes are affordable in 32 major metros.  In San Francisco, a Black family earning the local median income would have

The Pool of People Taking Out Mortgages In America Is Becoming Less White

White people took out 62% of new mortgages last year, down from 64% in 2022 and 70% in 2018. Meanwhile, the share taken out by Hispanic, Black and Asian buyers ticked up. People of color are taking out a rising share of mortgages because an increasing share of them are of prime homebuying age, and

Scroll to Top