Zillow, April 26, 2021, Housing Gains Could Increase Black Wealth More than Half a Trillion Dollars by 2031
Somewhat modest gains in Black homeownership and home values could help shrink the existing $3 trillion Black-white wealth gap — almost half of which (~$1.2 trillion) can be attributed to housing disparities — by hundreds of billions of dollars over the next decade.
If Black housing in America looked like white housing, with comparable homeownership and home values, Black wealth would be more than double what it currently is, according to a Zillow analysis. But instead of making progress toward closing the yawning gap, the persistent racial wealth gap in this country has only widened since the Great Recession.
A recent report from the National Community Reinvestment Coalition has called for a goal of 60% Black homeownership by 2040.
