The Black homeownership rate is now lower than it was a decade ago
CNN
Even as home prices have skyrocketed during the pandemic, homeownership continues to grow. But the rate of home buying has not increased at the same pace for all Americans, according to a new report from the National Association of Realtors.
More Americans own a home now than in any year following the Great Recession, with the US homeownership rate climbing to 65.5% in 2020, according to NAR. That's up 1.3% from 2019, the largest annual increase on record.
But Black homeownership, at 43.4%, remains lower than it was a decade ago. And it is nearly 30 percentage points behind the White homeownership rate of 72.1%. Meanwhile, the Hispanic homeownership rate rose to an all-time high, reaching over 50% for the first time, and the Asian homeownership rate is 61.7%.
In the days and weeks leading up Hunter Biden’s trial on felony gun charges, President Joe Biden made little attempt to distance himself from his son. Instead, Hunter Biden was seen at the White House and in Delaware at his father’s side amid what the president’s allies acknowledge is a difficult moment for both men.