Black homeownership rate drops to lowest level since 2021

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.
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