HOMEOWNERSHIP STILL OUT OF REACH FOR MANY.

Position:YOUR LIFE
 
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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...

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