Almost a century ago, racial covenants restricted people of color from purchasing their own homes in many areas. Having a roof over their heads was illegal just because they weren’t white.
Today, there is still a gap between the percentage of white and non-white homeowners, but a reluctant yet emerging age group is bridging the chasm between racial differences – millennials.
“While minorities remain underrepresented among homeowners, that is changing as a younger, more diverse set of buyers enters the market,” Jeremy Wacksman, Zillow Group’s chief marketing officer, said in a recent report. (MPA Magazine)