Minority Homeownership Rates
Minority homeownership rose in 2019 with the help of low mortgages, artificial intelligence, and advocacy groups.
Minority homeownership experienced a small, but much welcomed uptick at the end of last year. The Census Bureau’s Housing Vacancies and Homeownership survey reported that minority homeownership had an overall increase of 48.6% in the fourth quarter of 2019, up 0.8 percentage points from the fourth quarter of 2018.
BLACK HOMEOWNERSHIP SAW THE MOST IMPROVEMENT.
Though there was an increase across the board for African American, Hispanic, Asian, Native American and Pacific Islander homeowners at the end of 2019, homeownership for Black Americans experienced the largest improvement. The US Census reported that the percentage of black homeowners rose from 40.6% to 43.3% near the end of 2019.