Black homeownership is at a historic low, due in large part to exceedingly high mortgage denial rates. Pictured is a bar graph with a 12.64% denial rate for black buyers and a 6.15% denial rate for all races.

The Truth about the Income and Racial Gaps in Black Homeownership

In the land of the free, building wealth is about as American as free speech. But, the reality is that income and racial gaps have prevented an overwhelming number of black families from pursuing homeownership in the United States. The sad truth is that numerous factors contribute to the stark statistical imbalance regarding Black homeownership. […]