Owning real estate is one of the most common methods for building wealth in America. For some, that wealth-building begins and ends with owning their own home. For others, it extends to investments in real estate. Demographic trends in homeownership can tell us a great deal about the look of our own futures as real estate investors and as a society.
According to a recent report by Zillow, the gap in homeownership between white Americans and African Americans is nearly the same as it was more than a century ago. About 70 percent of the white population owns their own home, while just over 40 percent of the black population does (a gap of roughly 30 percent). In 1900, just over 50 percent of the white population owned their own home, and just over 20 percent of the African American population did, also a gap of roughly 30 percent.
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