Minorities gained the most but now have lost the most from a historic home ownership boom that turned to a bust.
The number of Americans who own their homes rose to 69 percent in 2004 from 64 percent in 1994, the fastest growth since just after World War II.
During that recent housing boom, "minorities and immigrants were key parts of the story line," chipping away at long-standing racial and ethnic housing disparities, said Rakesh Kochhar, a researcher with the Pew Hispanic Center.
But as the economic crisis caused home ownership rates to drop back down to 67.8 since 2004, African-Americans and native-born Latinos were the hardest hit, eroding some but not all of the gains they made in the past 15 years, according to a report released Tuesday by the center. READ FULL STORY
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