Home Ownership
The Minority Home Ownership Gap Is Bad in the U.S. and Worse in Seattle
The home ownership rate for white people in Seattle is more than 65 percent, but for African-Americans in the metro region, the rate is below 30 percent.
Wealth and home ownership rates are major indicators of the racial inequality that continues to exist in America. The Washington Post reported earlier this year on the widening wealth gap between white Americans and minorities, saying, In 2016, white families had a median net worth of $171,000, compared with $17,600 for blacks and $20,700 for…
The Vanishing Dream of Home Ownership
Looking for a newly built, traditional single-family home in the Seattle market? Good luck with that!
With land to build new housing becoming scarcer in the Puget Sound region, competition among builders is getting tougher. Its like a knife fight in a phone booth, says Ken Krivanec, president of Bellevue-based Quadrant Homes. Ultimately, the victim may be the American dream of owning a single-family home. For many in the Northwest, the…