Homeownership costs, dropping home values hit Black households hardest

Nationwide, 19% of Black households are cost-burdened, compared to 12% of white households, 17% of Hispanic households and 18% of Asian households. The value of Black-owned homes has declined more than the value of homes owned by other racial groups, with a 0.7% drop during a year in which home values have remained mostly flat. Recent trends contribute to ongoing racial disparities in housing . A…