Homeownership about U.S. possess fallen dramatically due to the fact casing growth peaked from the mid-2000s, even in the event it is refuted a lot more for the majority racial and cultural organizations than simply for other individuals. Black and you will Latina households today will still be significantly less likely than just white home having their unique home (41.3% and 47%, respectively, as opposed to 71.9% getting whites), together with homeownership gap anywhere between blacks and you may whites keeps broadened due to the fact 2004.
Blacks and you may Hispanics deal with a lot more pressures obtaining home loans