Zillow recently investigated Latinx American home ownership using data from the Federal Reserve Board Survey of Consumer Finances. On a positive note, we're seeing the highest share of Latinx households owning their homes since 2008, although a wealth disparity remains. What jumped out at was a chart showing the share of net worth held in the homes of Latinx, as well as Black, homeowners - 1.69x and 1.46x greater than white home owners respectively.
The economic well-being of these folks are significantly more exposed to changes in home values. We may well be in for a likely bumpy ride ahead for housing in post-forbearance 2021, especially in the lower end, where the home owners have been hit harder and have less in built-up home equity.
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