Racial divide persists in real estate - 2005-03-23
The racial divide in home ownership is still substantial, despite an overall growth in the national home-ownership rate, the University of Southern California Lusk Center for Real Estate reported today.
In the second quarter of 2004, the national home-ownership rate climbed to 69 percent, and that rate was 76 percent for non-Hispanic whites. The home-ownership rate for African Americans, though, was 50 percent, and it was 47 percent for Hispanics, according to the study, "Homeownership in the 1980s and 1990s: Aggregate Trends and Racial Gaps."
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