Tag: home equity

Hand holding magnifying glass and looking at house model, house

Homeownership is one of the largest sources of retirement wealth for most households and is promoted as a key tool for wealth accumulation.  However, a long history of discrimination in the housing market has constrained the ability of Black households to accumulate housing wealth relative to their White counterparts. Consequently, Black households approaching retirement…

Investment in the real estate business. Money coin stack growing

Abstract Housing wealth is an important resource for economic security in retirement.  Yet, Black households approaching retirement have only a fraction of the housing wealth held by White households.  One reason is that Black households are less likely to own homes in the first place.  A second reason, which is the focus of this paper,…