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Pandemic Threatens to Widen Racial Homeownership Gap

by Bioreports
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The housing market has led the recovery from the pandemic-induced economic downturn as Americans have rushed to buy homes amid a desire for more living space and record-low mortgage rates.

But some analysts warn even as the housing boom bolsters the overall economy, it may widen the longstanding gap in homeownership between Black and white Americans. That could have broader implications for wealth disparities since homes are a core source of wealth for most Americans.

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