Ownership To Shrink If Minority Gap Remains

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With minority households driving U.S. population growth, the key to maintaining the home ownership rate (66.9 percent, according to the latest U.S. Census Bureau data) will be boosting the rate among African Americans, Hispanics, and other non-white households.  Fannie Mae’s latest Own-Rent Analysis shows the U.S. population is projected to grow by 1320 million people by 2050, at which time white households will comprise about 46 percent of the population, down from 65 percent today.  Yet the home ownership rate among minorities is significantly lower than that of whites, so the population shift in home ownership rates as well if the U.S. ownership rate is to remain steady.

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