Homeownership and Race
THE SOURCE: “Race and Home Ownership from the End of the Civil War to the Present” by William J. Collins and Robert A. Margo, in The American Economic Review, May 2011.
It’s unsurprising that homeownership rates for blacks and whites have converged since the Civil War. What is surprising is that nearly all of the convergence happened before 1910. The gap has narrowed by only one percentage point in the past century.