Statement by NAREB President Donnell Williams on Increase of 3rd Quarter 2019 Black Homeownership Rate
WASHINGTON, Oct. 29, 2019 /PRNewswire/ -- The National Association of Real Estate Brokers (NAREB) is cautiously encouraged about the U.S. Census Bureau's third quarter 2019 Black homeownership rate of 42.7% up from 40.6% in the previous quarter. While all of the homeownership rates increased during this latest reporting period, the Black homeownership increase of 2.1% represented the largest uptick. In the bigger picture, NAREB is mindful that Black homeownership currently and continues to lag more than 30 percentage points behind the non-Hispanic White homeownership rate of 73.4%, higher than the recorded gap at the time of the passage of the 1968 Fair Housing Act.
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