Released: November 17, 2020
Black homeowners are twice as likely to have to return to renting than whites
Source: Charisse Jones - USA TODAY
Black homeowners are twice as likely to lose their homes and have to return to renting than whites, in part because their relatives may be less able to help if they are struggling to pay their mortgage, according to a new study.
Over a 30-year period stretching from 1984 to 2017, 10% of Black homeowners became renters again compared with 5% of whites, according to new research published in the journal "Demography."
Read Full Article: Black homeowners are twice as likely to have to return to renting than whites