After years of mostly steady decline, the Black homeownership rate in the US saw its largest jump on record in the early days of the pandemic. Now, soaring borrowing costs
The Black homeownership rate in the US saw its largest jump on record in the early days of the pandemic. Now, soaring borrowing costs and home prices threaten to erode those gains.
The Black homeownership rate in the US saw its largest jump on record in the early days of the pandemic. Now, soaring borrowing costs and home prices threaten to erode those gains.
In 2020, Black homeownership jumped to nearly 46 percent, the highest rate since 2010, and held close to that in 2021 and 2022. But as borrowing costs and home prices rise, it’s unlikely their gains will hold.
Housing affordability near record low hits Black buyers particularly hard – Chicago Tribune chicagotribune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chicagotribune.com Daily Mail and Mail on Sunday newspapers.