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Press release content from Globe Newswire. The AP news staff was not involved in its creation. NAR Finds Black Home Buyers More Than Twice as Likely to Have Student Loan Debt, Be Rejected . National Association of Realtors®February 17, 2021 GMT WASHINGTON, Feb. 17, 2021 (GLOBE NEWSWIRE) Key Highlights The U.S. homeownership rate was 64.2% in 2019. At 69.8%, the rate for non-Hispanic white Americans exceeds the national rate. However, the Black homeownership rate – 42% – represents a Black-white homeownership gap of almost 30%. The homeownership rates for Asian Americans and Hispanic Americans are 60.7% and 48.1%, respectively. Black households – 43% – are more than twice as likely than white households – 21% – to have student loan debt, with a median student loan debt for Black households of $40,000 compared to $30,000 for white households.

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