The reasons why blacks do not enjoy the same homeownership rates as whites are numerous. The primary one being a much lower level of personal income. The median income for blacks is 30% lower than whites. Blacks also suffer higher levels of unemployment, as well as lower educational attainment rates. Lower black homeownership rates are the result of widespread socio-economic disparity and not the cause.
The reasons why blacks do not enjoy the same homeownership rates as whites are numerous. The primary one being a much lower level of personal income. The median income for blacks is 30% lower than whites. Blacks also suffer higher levels of unemployment, as well as lower educational attainment rates. Lower black homeownership rates are the result of widespread socio-economic disparity and not the cause.