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Home Buying Trends.pdf

2022-snapshot-of-race-and-home-buying-in-the-us-04-26-2022.pdf
Preview of Home Buying Trends
🔗 Source: nar.realtor
📊 Size: 3.08 MB
👤 Author: Meredith Dunn
⬇️ Downloads: 69

Summary

Homeownership rates vary by race, with minority families lagging behind the national average, resulting in lower net worth, with a typical white family's net worth being nearly 8 times greater than that of a Black family in 2019. The 2021 real estate market was the best in 15 years, driven by record low mortgage rates, pent-up demand, and lifestyle shifts during the pandemic, with homeownership associated with multiple economic and social benefits, including building wealth, with the net worth of a homeowner being about 40 times that of a renter.

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Description

Homeownership rates vary by race, with minority families lagging behind the national average, resulting in lower net worth, with a typical white family's net...

Technical Information

  • File Format: PDF
  • File Size: 3.08 MB
  • Pages: 40
  • Language: EN
  • Author: Meredith Dunn
  • Total Downloads: 69
  • Last Updated: 1 month ago

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This PDF document about Home Buying Trends provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into Home Buying Trends.

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