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The Data on Black Homeownership
In the past 15 years, black homeownership rates have declined to levels not seen since the 1960s, when private race-based discrimination was legal.
Since 2001, the black homeownership rate has seen the most dramatic drop of any racial or ethnic group, declining 5 percent, compared with a 1 percent decline for white families and increases for Hispanic and “other” families (primarily Asian Americans and Pacific Islanders).
Not 1 of the 100 cities with the largest black populations has a black homeownership rate close to the white homeownership rate. Even where black households are the majority, like Albany, Georgia, the gap persists.
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