Based on a survey by the Federal Reserve, U.S. owners have 40 instances the wealth of non-homeowners. Regardless of greatest intentions and up to date efforts, the homeownership hole for Black and Latino communities stays stubbornly large. In January, the U.S. Census Bureau launched the homeownership charges for 2022, which confirmed that white individuals have a 74.4% homeownership price, Black persons are at 45.9%, and Hispanics are available at 48.6%.
Homeownership percentages and generational wealth solely improve when…
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