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The racial wealth gap in real estate is growing. Here are 3 ways housing has been harder for Black Americans in 2020.

housing keys real estate

Summary List Placement

The coronavirus pandemic ushered in record-low mortgage interest rates that sparked a buying frenzy and sent the US barreling toward a housing shortage.

And while it could seem like everyone is buying a house in 2020, real estate purchases have proven to be more difficult for one demographic in particular: Black Americans.

The national homeownership rate for Black families is 44%, while it is 73.7% for white families. The difference is significant, especially when considering that home ownership is a major form of household wealth accumulation in the US, in addition to stocks and high details ⇒

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