In Texas, minorities less likely to own homes
While minorities occupy about half of the state’s housing units, they are less likely than white Texans to own their homes, and the state’s largest metro areas have some of the most substantial racial disparities among homeowners, according to recently released U.S. Census data.
A shortage of affordable housing, credit problems and lack of savings for down payments are among the main barriers blamed for creating the demographic divide.
Hispanics live in 30.6 percent of the state’s housing units, but only 27.7 percent of Hispanic households own their home, according to the data. Black Texans occupy 12.5 percent of housing units, but 8.3 percent of black households own their home.
Meanwhile, white Texans occupy 51.5 percent of housing units, but 58.8 percent of white households are owned.
Read more: http://www.themonitor.com/news/local/in-texas-minorities-less-likely-to-own-homes/article_0a23be06-8763-11e5-9fd8-5bc9400972d6.html
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