Urban Institute, July 31, 2019: These five facts reveal the current crisis in black homeownership
Black homeownership is in crisis. Although homeownership rates for other racial groups have largely recovered since the 2008 housing crisis, black homeownership continues to decline, recently hitting an all-time low in the first quarter of this year.
Homeownership is beneficial for building household wealth, increasing inter-generational economic mobility, offering a hedge against inflation and increasing civic engagement, all of which make the ongoing decline in black homeownership deeply troubling.
