Search
Saturday 25 November 2017
  • :
  • :

Harvard Study: Steep Declines in Black Home Ownership in Major Cities

Share

News Analysis By Charlene Crowell –

 

MR VIison national Harvard Study - housing study(TriceEdneyWire.com) – For the 12th consecutive year, America’s national homeownership rate has declined, according Harvard University’s Joint Center for Housing Studies (JCHS)’ annual report, State of the Nation’s Housing 2017This year’s report also found these declines vary by race and ethnicity.

As some might expect, the steepest homeownership decline occurred in Black communities, where the percentage of homeowners dropped to 42.2 percent. Among the nation’s largest metro areas, Black homeownership declined the greatest in Atlanta, Baltimore, Dallas and Detroit. By contrast, Latino-American homeownership is higher at 46 percent; but both communities of color severely lag behind the nearly 72 percent rate of white homeownership.

“The ability of most US households to become homeowners,” states the report, “depends on the availability and affordability of financing.”

Continue reading this article our sister publication’s website.