Black Homeownership Rate Drops to Lowest Level Since 2021

(REDF) SEATTLE--(BUSINESS WIRE)-- #housingmarket--The Black homeownership rate fell to 43.9% in the second quarter—the lowest level since the fourth quarter of 2021, according to a new report from Redfin, the real estate brokerage powered by Rocket. That’s down from 45.3% a year earlier, marking the largest year-over-year decline since the third quarter of 2021. By comparison, the Hispanic homeownership rate inched up slightly (to 48.8% from 48.5% a year earlier), and there were small declines in both the non-Hispanic