Hispanic borrowers additionally often have multiple members of the family contributing to month-to-month expenses, but typical underwriting rules solely contemplate the revenue of these named on the mortgage. Giving larger weight to the earnings of those living in the house who aren’t on the mortgage would be helpful. Our evaluation exhibits that as the Hispanic share of a metropolitan area’s inhabitants grows, the size of the homeownership hole tends to decline. Each dot on the map represents the scale of the Hispanic population in that metropolitan statistical space, and the dot’s colour represents the magnitude of the Hispanic-white homeownership hole. Despite improvements in recent times, Hispanic homeownership still considerably lags behind non-Hispanic white homeownership. Homeownership is vital for building wealth, and consequently, the homeownership gap between white and Hispanic households has critical implications for the total wealth gap between those teams.

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