Minority groups in the US have shown an increase in homeownership rates despite rising mortgage rates. The homeownership rate today is higher than pre-pandemic levels, driven by individuals under 45. However, the gap in homeownership rates between Black Americans and other groups has widened.
Homeownership among Asians and Hispanics in the U.S. has hit an all-time high, reaching 63.3% and 51.1%, respectively, according to the National Association of REALTORS®’ 2024 Snapshot of Race and Home Buying in America. https://t.co/b5ewpPovGU
Latinos, Asian Americans see biggest homeownership gains https://t.co/5FxUhSAqGd
In 2022, 63% of Asian Americans, 51% of Hispanics, and 44% of Black Americans were homeowners — all up from 2012 levels. https://t.co/hpph1ccCTX https://t.co/jRA2NjL1xq
Significantly more Americans own a home now than a decade ago, but the disparity between Black homeownership rates and those of other racial and ethnic groups has grown wider, according to the National Association of Realtors. https://t.co/aVN3dSMe1Y
The homeownership rate is higher in the US today than it was before the pandemic, and the increase has been driven by people under the age of 45 buying homes. A higher percentage of Americans own homes today than in any period other than the Internet/housing bubble eras. https://t.co/uJCxx3UXGu
Despite the fast-rising mortgage rates, minority groups increased their homeownership rates in 2022. https://t.co/WgKJJsdene