Saturday, January 28, 2023 | The Latest Buzz for the Appraisal Industry

Reducing Disparity in the Minority Homeownership Rate

Driven mainly by the pandemic and subsequent demand for detached single-family homes, the U.S. homeownership rate jumped to 65.5% in 2020, an increase of 1.3% compared with 2019, according to data from the National Association of Realtors (NAR).

However, the homeownership rate for Black Americans actually fell to 43.4% – down from 44.2% in 2010. Meanwhile, the homeownership rate for White Americans increased to 72.1%.

Not only do Black Americans have significantly lower homeownership

Jeff Bradford

Discover Your Passion

What are you passionate about? Is it appraising? Do you find that time just flies by when you’re working on an appraisal? Appraising has a

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