The National Association of REALTORS® released its 2022 Snapshot of Race and Home Buying in America. Among its findings: 

  • U.S. homeownership rate climbed to 65.5% in 2020, up 1.3% from 2019 and the most significant annual increase.
  • The homeownership rate for Black Americans (43.4%) trails behind that of a decade ago (44.2% in 2010). Conversely, white Americans (72.1%), Asian Americans (61.7%), and Hispanic Americans (51.1%) all achieved decade-long highs in homeownership in 2020, with the rate for Hispanic Americans setting a record and reaching above 50% for the first time.
  • Black and Hispanic applicants (7% each) were more likely to be rejected for mortgage loans than white (4%) and Asian (3%) applicants.
  • Black households (41%) are the most likely to have student loan debt and the most significant median student loan balance of $45,000.

Access the full report

NAR’s 2022 Snapshot of Race and Home Buying in America examines homeownership trends and challenges by race and location to explain current racial disparities in the housing market. Using data from the 2021 Profile of Home Buyers and Sellers, the report looks at the characteristics of who purchases homes, why they purchase, what they purchase, and the financial background of buyers based on race.