3. Why the racial homeownership gap persists

Photo illustration of a hand holding burnt mortgage papers with an aerial photo of a suburb and a Black couple looking over housing plans
Photo illustration: Sarah Grillo/Axios. Photos: H. Armstrong Roberts (Classicstock), Cliff de Bear (Newsday RM), Lambert/Getty Images

The homeownership gap between Black and white Americans is worse today than when race-based housing laws and policies were in effect decades ago.

Why it matters: Decades of unequal access to mortgage financing have had a predictable effect: Non-white Americans have much lower homeownership rates, lower wealth and a higher degree of financial precarity. This is especially true among Black Americans.

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