The Asian American and Pacific Islander (AAPI) population in the United States has increased significantly in the last 40 years, from 3.6 million in 1980 to 18.8 million in 2019. And since 2000, the AAPI population has experienced the fastest growth of any racial or ethnic group in the nation.
Despite structural barriers to homeownership, AAPI homeownership rates have also collectively increased since 1980. But people often overlook the substantial homeownership differences among AAPIs. These disparities reflect diverse experiences within the AAPI community, which encompasses people from more than 40 countries.
By 2060, the AAPI population is expected to surpass 38 million. Before then, policymakers and researchers will need to better understand the homeownership disparities among this diverse community if they want to eliminate unique barriers each subgroup faces to accessing homeownership and building wealth.
Read the full article at The Urban Institute.