Why black and hispanic homeownership rates are lower.

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Yes, it is harder for black Americans to achieve homeownership. 

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A study by the Urban Institute found that black Americans were more likely to be denied a mortgage than white Americans….. 

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Even when they had similar credit scores and incomes. 

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This is in part because of racial discrimination in the lending industry. 

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As well as the fact that black Americans have lower median incomes and wealth levels than white Americans.

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When President Joe Biden announced a plan to forgive student loan debt, he noted its intersection with another issue — Black and Hispanic home ownership. 

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In the United States, black and Hispanic homeownership rates are much lower than those of white Americans.

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A study by the Urban Institute found that black Americans were more likely to be denied a mortgage than white Americans. 

Image Credit: Google 

Even when they had similar credit scores and incomes. 

Image Credit: Google 

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