Why did COVID-19 improve Black and Latino homeownership?
Written by Black Hot Fire Network on June 21, 2023
The age of the young homebuyer
Apart from income and education, age was also a factor. The Urban Institute’s analysis found that between 2019 and 2021, the proportion of young homebuyers started to grow across all racial and ethnic groups. Homebuyers younger than 45 increased from 51% in 2019 to 55% in 2021. This increase was most apparent for Black homebuyers younger than 45 (+5.3%), compared with Latino homebuyers (+4%) and White homebuyers (+3.5%) in the same period.
The Urban Institute explained that millennials, who had just come out of the Great . . .
