The SHIBA report underscores that there has been little progress in increasing Black homeownership. The past two years have been tough, but even before 2021, Black homeownership was either falling or stagnant.
Rose singled out the declines in mortgage applications and originations among Black millennials as an exceptionally poor sign of the trajectory of Black homeownership, since that cohort contributes significantly to long-term wealth accumulation for Black families.
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