A Downpayment on the Divide: Steps to Ease Racial Inequality in Homeownership

White households have much more wealth than Black and Latino households in this country, and the largest source of this wealth is often their homes. Given this, it is not surprising that homeownership is one of the most significant contributors to the racial wealth divide. Indeed, while the White homeownership rate is around 70%, the rate for Blacks and Latinos is approximately 30 percentage points lower.

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