The 2025 State of Equitable Homeownership

Homeownership remains a cornerstone of financial security and intergenerational wealth in the United States. Yet, for many Black, Latino, Asian, Pacific Islander, and Native individuals and families, this pathway has been obstructed by a legacy of discriminatory policies, practices, and systems that continue to shape—and in some cases restrict—access to credit, housing, and economic opportunity. These systemic barriers have created and sustained stark racial disparities in homeownership and wealth. The 2025 State of Homeownership Report offers a comprehensive assessment of trends in the housing and lending markets over recent years, outlining the policy and programmatic interventions necessary to preserve recent progress and close longstanding racial and ethnic homeownership gaps. The report examines patterns and developments that explain people’s ability to access housing and credit opportunities. It also explores homeownership trends, the impact of access to homeownership, and solutions for addressing long-term barriers to inclusion in communities with a history of success in homeownership, despite continually being underserved.

Download the full report here.