HOMEOWNERSHIP STILL OUT OF REACH FOR MANY.

• Position: YOUR LIFE

The vast majority of Americans say owning a home increases financial stability but, when it comes to priorities, minorities are more concerned about meeting everyday obligations, bills, and paying off debt than putting away funds for a home down payment, according to a NeighborWorks America survey.

While 76% agree that owning a home increases a person's financial stability, many still see homeownership as beyond their reach, as 70% of U.S. adults say the homebuying process is too complicated and difficult.

Overall, blacks and Hispanics report more vulnerability and less cash on hand than whites...