Page 72 - Region 5 NAR Update
P. 72
Racial Homeownership Rate Research Report
March 2020
FULL REPORT ALSO INCLUDED IN THIS MONTH’S RVP DOCUMENTS
• NARresearchreleasedinlateFebruary–“TheSnapshotof Race & Home Buying in America report” – which shows that home ownership rates for non-Hispanic White Americans were consistently above 71% from 2016 to 2019.
• Overthesameperiod,however,ownershipratesforBlack Americans have been 30% less – hovering above 41%.
• ForHispanicAmericans,rateshaveheldabove45%,andAsian American rates have been above 53% from 2016-19.
• WhileNARhaslongbeenachampionoftheFairHousingAct and the invaluable protections it provides, figures like these – and some recent incidents we’ve seen unfold around the country – underscore the work that still must be done.
• AtNAR’sHousingAffordabilityPolicyForumlastmonth,oneof the sessions focused specifically on the racial home ownership gaps in America.
1
