Tag: black homeowners
New study examines whether gap for older homeowners due to low down payments or slower appreciation. Houses are very important. For most families, their house is the single largest asset outside the benefits promised from Social Security. The problem is that Black families are less likely to own homes and, when they do, they s…
Homeownership is one of the largest sources of retirement wealth for most households and is promoted as a key tool for wealth accumulation. However, a long history of discrimination in the housing market has constrained the ability of Black households to accumulate housing wealth relative to their White counterparts. Consequently, Black households approaching retirement…
