Colorado Association of REALTORS | Black Coloradoans Still Have Harder Path to Homeownership

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Black Coloradoans Still Have Harder Path to Homeownership

Jun 09 2022

Black Coloradoans Still Have Harder Path to Homeownership

Communities, Market Trends, Market Trends & Statistics, REALTOR® News, Residential Housing, Stats & Trends

According to the recent NAR report on the homeownership gap, only 43% of Black Americans can afford to buy a typical home, compared with 63% of white Americans and 54% of Hispanics. In Colorado, about 48% of white residents can afford to buy a typical home while 30% of Black and 32% of Latino people could afford homes here. CAR Market Trends from April showed that the median single-family home sale was $600,000 in Colorado and $660,000 in metro Denver. Both medians increased by about $100,000 from April 2021.

https://www.cpr.org/2022/06/09/colorado-homeownership-gap-white-latino-narrowed-black-widened/

CHASING PROGRESS Homeownership gap between white and Latino Coloradans narrows, worsens for Black residents

https://coloradosun.com/2022/06/08/colorado-homeownership-racial-gap/

Black Coloradoans Still Have Harder Path to Homeownership

Black Coloradoans Still Have Harder Path to Homeownership

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