Minority Homeownership on the Rise, Yet Disparities Persist

Record highs in Asian and Hispanic homeownership contrast with widening gaps and higher costs for Black Americans

Homeownership rates among Asian and Hispanic Americans have reached all-time highs, with significant increases over the last decade.
Black homeownership, while still trailing behind other groups, is expected to see a significant rise due to demographic changes and the entry of more diverse generations into the market.
The gap between Black and white homeownership rates has widened, highlighting persistent disparities in the housing market.
Black and Hispanic homebuyers face higher interest rates on average, adding to the challenges of achieving homeownership.
Despite progress in minority homeownership, significant barriers remain, including affordability issues, limited inventory, and disparities in housing costs.