Why Blacks and Hispanics Have Such Expensive Mortgages

Steve Dipaola / Reuters Despite the housing bust and its lasting implications, owning a home nevertheless remains one of the most common ways for American families to build wealth-white families, predominantly. The homeownership rates of black and Hispanic Americans lag dramatically behind that of white Americans. These minority groups are much less likely to purchase a home, and if they do, they are less likely to have homes that appreciate in value. They're also more likely to lose their homes through foreclosure. These gaps help explain, in part, the staggering disparity in wealth between......(read more)

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