The NAR's 2025 Snapshot of Race and Home Buying highlights ongoing racial disparities in homeownership rates in the U.S. Despite an increase in Black homeownership to 44.7% in 2023, it remains significantly lower compared to white (72.4%) and other racial groups. The national homeownership rate rose to 65.2%, but affordability remains a critical obstacle for Black homeowners, with many spending over 30% of their income on housing costs. This report underscores the importance of understanding these trends to address racial inequalities in housing access.
"The increase in Black homeownership coincides with an overall increase in the national homeownership rate in 2023, reaching 65.2%, the highest in ten years."
"While Black homeownership rose to 44.7% in 2023, it remains significantly lower than white homeownership at 72.4%, reflecting ongoing disparities in the housing market."
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