It’s known that an important aspect of the American Dream is homeownership—one thing that isn’t as available to some demographics as others. In a Apartment List report that will be released next week, Apartment List found that homeownership rates among households headed by prime working age adults ages 25 to 54, there is over a 30 percent gap between white and black households, with other races falling somewhere in between.
According to the report, the racial divide accentuates the increasing inequality present in the United States currently. Since building equity ultimately builds wealth, the net worth of the average homeowner is 36 times more than that of the average renter. The report also goes into detail on the differences in education and the attainment of homeownership. Though homeownership used to be attainable at all levels of the educational spectrum, now, it’s not as much.
The report will be released on Wednesday at 7 a.m. EDT
Other Events in the Week Ahead:
FHFA House Price Index, Tuesday, 9 a.m. EDT
Ten-X’s Rick Sharga Housing Webinar, Tuesday, 1 p.m. EDT
New Home Sales Report, Wednesday, 10 a.m. EDT
Existing Home Sales Report, Thursday, 10 a.m. EDT
Janet Yellen Speaks at Federal Reserve Bank of Kansas Citi Economic Symposium, Friday, 1 p.m. EDT