U.S. Homeownership Grows More Diverse

Data released yesterday by the National Association of Realtors in the U.S. shows how homeowners in the country are growing more diverse.

The rate of homeownership among Asians and Hispanics in the U.S. grew most in terms of percentage points - by 6.1 and 5.4 between the years of 2012 and 2022, reaching rates of 63.3 percent and 51.1 percent, respectively. White homeownership grew at a rate of 3.1 percent to 72.3 percent.

Despite Black homeownership remaining the lowest at a rate of just 44.1 percent and an increase of 1.6 percentage points, the absolute increase in Black homeowners was actually bigger than that of white homeowners over the 10-year period. While the country added 950,000 new Black homeowners, it only saw an increase of 65,000 new white homeowners. The Association of Realtors said this was due to the relative and absolute decrease in the country's white population.