Fewer Black Americans can afford homeownership compared to other races

Compared to White, Hispanic and Asian Americans, Black Americans have the least ability to afford a home, according to an analysis by NAR. The discrepancy in homeownership and the barriers to it by race, particularly for Black Americans, cause the family net wealth differences to persist. The industry talked a lot about supporting diversity in the wake of America’s racial reckoning in 2020 and early 2021, but the activity has died down. These statistics reveal a sustained effort is still required to make change.