The old cliché that “a rising tide lifts all boats” is not applicable to the U.S. housing market. Two demographics within the U.S. population, Black Americans and the LGBTQ community, have painful histories of real estate disenfranchisement. Even today, obstacles remain for these groups to enjoy the opportunities that others take for granted.
A Too-Wide Gap: As of Feb. 2, the U.S. homeownership rate was 65.5%, according to data published by the Census Bureau. When divided among racial and ethnic demographics, the White homeownership was the highest at 74%, followed by Asian Americans at 61.2%, Hispanics at 48.4% and Blacks at 43.1%.
