Senior Counsel and Director of the Economic Mobility Initiative writes for the Star Ledger:
From 1970 to 2015, the homeownership rate among black people actually declined from 41.8 to 41.2 percent, while it increased less than 1 percent among Latinos (44.4 to 45.3 percent). Meanwhile, the homeownership rate of white people increased from 66.1 to 71.1 percent. These disparities are the primary driver of the racial wealth gap, which has nearly tripled in the past 25 years. To put this in perspective, the median net worth of black and Latino families is $11,000 and $14,000, respectively, compared with the $134,000 median wealth of white families.