RACE AND WEALTH - A DEMOGRAPHIC-ANALYSIS OF BLACK HOMEOWNERSHIP

Historically, the rate of black homeownership has been low compared to nonblacks. The purpose of this study is to assess the extent to which levels of black homeownership are determined by selected social factors and racial discrimination. The findings reveal that blacks are less likely to be homeowners in nearly every sociodemographic category. The one exception is the finding that elderly blacks are more likely than blacks and nonblacks in all other age categories to be homeowners.