Lower percentages of racial and ethnic minorities own homes; they spend more of their income on rent and continue to contend with segregation nearly 50 years after the passage of Fair Housing Act of 1968. A Trulia report on the legacy of the federal law notes that the gap in the homeownership rate for all households and black and Latino households has remained the same or narrowed just slightly since its passage almost four decades ago, although there are some metro markets like Washington, D.C., Fairfield County, Conn., and Worcester, Mass., where housing prospects have improved.
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Before the 1960s passage of anti-discrimination laws, Black homeowners were still doing better than they are today
Around 77 percent of wealthy households own their own homes, compared to only 34.9 percent of poor households
The mid-pandemic housing boom created affordable pathways to homeownership for minority buyers, narrowing a historically rooted racial gap that has pushed Black, Latino, and Asian households into the rental market for decades
In 2004, African American homeownership peaked at nearly 50 percent. The rate declined every year since. In 2017, the rate was 43 percent, cancelling out all gains since the passage of the Fair Housing Act in 1968.
Markets with the largest decrease in entry-level home affordability underscore hurdles for first-time buyers
When controlling for age and income, women and minorities are still less likely than white men to have a mortgage, according to a Trulia analysis
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