Blacks, Latinos Lag Behind in Homeownership: Survey

Although 69 percent of Americans own a home, that figure doesn’t reflect the reality for Blacks and Latinos, a recent survey found.

Only 49 percent of Blacks and Latinos own a home, according to a housing and financial capacity survey released last week by NeighborWorks America.

The survey notes 40 percent of those two minority groups rent their home, compared to 27 percent of the rest of Americans.

About 70 percent of those who responded to the survey said they have completed the process of buying a home. However, about 60 percent of minorities would be interested in financial classes to improve their economic situation, compared to 46 percent of other Americans.

“Regardless of whether Americans own or rent, most Americans feel positively about their own living situation, nearly half are very positive,” the survey summary stated.

The survey was conducted online by 1,000 adults, including 614 Black and Latino respondents, between April and May.

To view the full survey, to go https://bit.ly/2R7LnuV.

Show More

Related Articles

Leave a Reply

Back to top button

Subscribe today for free and be the first to have news and information delivered directly to your inbox.

By submitting this form, you are consenting to receive marketing emails from: Washington Informer Newspaper, 3117 Martin Luther King Jr. Ave SE, Washington, DC, 20032, http://www.washingtoninformer.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Adblock Detected

Please consider supporting us by disabling your ad blocker
%d bloggers like this: