Many working class Black Americans struggle to obtain affordable housing. The percentage of Black homeowners decreased between 2005 and 2012 from 46% to 42.5%. Much of these losses can be attributed to the housing crisis where so many Americans lost their houses to foreclosure. This also means more than half of all African Americans rent.
About the author
Christopher G. Cox has over 20 years of experience in the real estate and finance industries. He has understands the complexities and diversity of the real estate market, and he has a passion of helping people realize the American Dream.