Axios, June 3, 2024, Utah Sees Wide Homeownership Gap Between White And Black Households
Utah’s homeownership rate is higher than the rest of the nation.
Yes, but: About 74% of white non-Hispanics own and occupy their homes, compared to 27% of Black households and about 54% of Latino households, per a University of Utah Kem C. Gardner Policy Institute report.
Why it matters: Homeownership remains the biggest driver of the wealth gap, per the U.S. Department of Housing and Urban Development, Axios’ Brianna Crane reports.
The big picture: Historically, racist housing practices, redlining and predatory lending have prevented many Black Americans from obtaining homeownership, per the Urban Institute.
