Home-ownership in the United States

Robust U.S. Economy Not A Boost For Black Homeownership

Retrieved on: 
Saturday, September 14, 2019
Wealth in the United States, Economy of the United States, Home-ownership in the United States

WASHINGTON, Sept. 13, 2019 /PRNewswire/ -- Despite arobust U.S. economy, a strong employment rate, and steadily increasing 401(k) plan earnings, Black homeownership rates continue to drop.

Key Points: 
  • WASHINGTON, Sept. 13, 2019 /PRNewswire/ -- Despite arobust U.S. economy, a strong employment rate, and steadily increasing 401(k) plan earnings, Black homeownership rates continue to drop.
  • Latest U.S. Census data reported the Black homeownership rate at 40.6% compared to the non-Hispanic White rate of 73.1%, a 32.5% gap.
  • The report states that the role federal housing policies have played is largely responsible for stifling Black homeownership growth.
  • The reality of staggeringly low homeownership rates during a period of overall economic growth indicates that there are other powerful forces adversely affecting Black Americans' pursuit of homeownership.

Redfin Report: Racial Gaps in Homeownership, Home Equity and Wealth Widened during the Historic Decade-Long Economic Expansion

Retrieved on: 
Wednesday, July 31, 2019
Wealth in the United States, Economic inequality in the United States, Economy of the United States, Race in the United States, United States, American studies, Home-ownership in the United States, Economy, Racial wage gap in the United States

The resulting 32.5 percentage-point gap in homeownership between black and white Americans is3.6 points wider than it was at the beginning of 2010.

Key Points: 
  • The resulting 32.5 percentage-point gap in homeownership between black and white Americans is3.6 points wider than it was at the beginning of 2010.
  • Meanwhile the homeownership gap between white and Hispanic & Latino Americans widened by half a point.
  • "The growing racial homeownership gap has widened the wealth gap, as home equity remains one of the most significant wealth-building tools.
  • That's likely to contribute to growing economic inequality in the U.S."
    Redfin compiled data on homeownership rates, home equity, net worth and unemployment by race.

Redfin Report: McAllen, Texas, Salt Lake City and Grand Rapids Have the Highest Homeownership Rates for Single Mothers

Retrieved on: 
Monday, June 24, 2019
Economy of the United States, Home-ownership in the United States, Wealth in the United States

The metros with the highest rates of homeownership among single moms tend to be relatively affordable.

Key Points: 
  • The metros with the highest rates of homeownership among single moms tend to be relatively affordable.
  • That's followed by Salt Lake City (41.7%), Grand Rapids (41.5%) and Minneapolis (40.3%).
  • All but two (El Paso and San Antonio) of the top 10 metros for single-mom homeownership have higher-than-national overall homeownership rates as well.
  • The metros with the lowest rates of homeownership among single mothers all have overall homeownership rates below the national rate.

Redfin Report: Minneapolis, Pittsburgh and St. Louis Top Metros With Highest Homeownership Rates for Low-Income Families

Retrieved on: 
Tuesday, March 5, 2019
Demographics, Millennials, Affordable housing, Economy of the United States, Academic disciplines, Home-ownership in the United States, Culture

Los Angeles and San Diego feature in the top three least affordable places for millennials.

Key Points: 
  • Los Angeles and San Diego feature in the top three least affordable places for millennials.
  • In nine of the 10 metro areas with the highest homeownership rates for low-income families, the rate went up from 2012 to 2017, with the largest gains in Louisville (5.2 percentage points), Charlotte (4.2 pts.)
  • The rate also rose in all 10 of the least affordable areas for low-income families, with Sacramento (4.7 pts.)
  • The national overall homeownership rate and that for the bottom quartile of owners trended downward starting in 2004.

LendingTree Study Finds Homeownership More Common Among Single Women Than Single Men

Retrieved on: 
Tuesday, December 11, 2018
Gender studies, Gender role, Human behavior, Role theory, Household, Sociology, Behavior, Gender, Home-ownership in the United States

The study found that in all the 50 largest metropolitan areas, single women own more homes than single men do.

Key Points: 
  • The study found that in all the 50 largest metropolitan areas, single women own more homes than single men do.
  • On average, single women own more than 70,000 more homes in metro areas than single men do.
  • On average, single women own around 22 percent of homes, while single men own less than 13 percent of homes.
  • Households owned and occupied by single women: 27.08%
    Households owned and occupied by single men: 15.47%
    Gender gap between single homeowners: 11.61 percentage points
    Households owned and occupied by single women: 26.81%
    Households owned and occupied by single men: 14.22%
    Gender gap between single homeowners: 12.59 percentage points
    Households owned and occupied by single women: 25.44%
    Households owned and occupied by single men: 13.75%
    Gender gap between single homeowners: 11.70 percentage points
    Households owned and occupied by single men: 15.52%
    Households owned and occupied by single women: 23.78%
    Gender gap between single homeowners: 8.27 percentage points
    Households owned and occupied by single men: 15.47%
    Households owned and occupied by single women: 27.08%
    Gender gap between single homeowners: 11.61 percentage points
    Households owned and occupied by single men: 15.30%
    Households owned and occupied by single women: 21.03%
    Gender gap between single homeowners: 5.72 percentage points
    To view the full report, visit https://www.lendingtree.com/home/mortgage/homeownership-gender-gap-study/ .