Black and Latino homeownership increased from 2019 to 2021 after years of decline following the Great Recession, according to recent Census Bureau data. But those gains could be threatened as rising mortgage rates are pricing many first-time homebuyers out of the market. Data from the Census Bureau’s 2021 American Community Survey analyzed by the Urban Institute shows that Black homeownership rates increased by 2.5 percent while the rate for Latinos rose by 2 percent over the two-year period. Homeownership rates for both groups climbed in most states as people reached their prime homebuying years. The median ages for Black and Latinos were 35.3 and 30.5, respectively. And s
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