Jorge Rivas

Through Boom and Bust: People of Color and Homeownership

“The boom-and-bust cycle in the U.S. housing market over the past decade and a half has generated greater gains and larger losses for people of color than it has for whites, according to an analysis of housing, economic and demographic data by the Pew Hispanic Center, a project of the Pew Research Center.

From 1995 through the middle of this decade, homeownership rates rose more rapidly among all POC’s than among whites. But since the start of the housing bust in 2005, rates have fallen more steeply for two of the nation’s largest minority groups — blacks and native-born Latinos — than for the rest of the population.”

Posted at 9:04 AM, May 12, 2009 in Permalink | View Comments