Racial Disparities in Homeownership Rates
It´s been more than 50 years since the fair housing act outlawed discrimination in home buying but more than a half century later minorities continue to have have a harder time purchasing homes tha white american has the federal fair
housing act simply failed america it´s failed america because it´s never been enforced by any presidential administration.
About 35% of black applicants are approved for mortgage loans compared to nearly 56% of white applicants in the same incoment range applying for similar loans. White applicants have a loan approval rate one and a half times higher than people of color. with the same income range applying for similar loan amounts.
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