Homeownership by Asians is up
From Times wire reports
Asian Americans have seen the fastest growth in homeownership since 2000 of any U.S. population group and that trend is expected to continue, according to a report released by the UCLA Asian American Studies Center and the Asian Real Estate Assn. of America.
Homeownership among Asian Americans increased from 52% in 2000 to 60% in 2004.
And although it reached a new high in 2004, it still lagged behind the national rate of 69% and the non-Latino white population, which was 76%.
Researchers analyzed trends among Asian Americans in 25 metropolitan areas.
