While overall homeownership rates are shrinking, the decrease is far more pronounced for some minorities, especially black Americans. That’s the takeaway from a recent report from ApartmentList.

This racial divide underscores the increasing inequality that plagues the United States. By building equity, homeowners accumulate wealth, leading to the striking fact that the net worth of the average homeowner is 36 times more than that of the average renter. This makes it all the more troubling that minorities are less likely to own homes, particularly as their share of the population grows. The share of white households in the U.S. is currently 61.8 percent, down from 80.5 percent in 1980, and the Census Bureau projects that more than half of the American population will belong to a minority group by 2044.

In Dallas, one of the most diverse metropolitan areas in Dallas, the homeownership gap for minorities has decreased by 1.8 percent, but black Americans are still worse off than fellow ethnic minorities.

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The picture of a Texas homebuyer has changed distinctly over the last year. According to a report released last week by the Texas Association of Realtors, Texan households are more diverse than ever, representing a growing array of ethnic backgrounds, ages, family statuses, and socioeconomic groups.

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If you feel like everyone you know has gotten into the flipping game, your instincts are correct. According to 2016 Year-End U.S. Home Flipping Report by ATTOM Data Solutions, the number of folks making a living from house flipping reached a nine-year high last year. Data shows that in 2016, 126,256 individuals and corporate entities flipped homes — the highest number since 2007.

Low housing inventory and an influx of capital meant the number of properties flipped in 2016 reached peaks not seen since 2006. And the report shows profits from house flipping are also at an all-time high, with the average return on investment hovering at 49.2 percent.

Interestingly, the study lists 39 zip codes where at least 20 percent of all home sales during the year were home flips – including zip codes in Texas.

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For the second year in a row, Texas home sales hit an all-time high. According to the 2016 Texas Real Estate Year in Review Report released by the Texas Association of Realtors (TAR), both home sales and home prices reached record highs last year.

In a statement released by the TAR, Chairman Vicki Fullerton said, “Last year’s record home sales activity was fueled from the momentum of multiple years’ strong job and population growth across the state, despite the fact that Texas job and economic growth began to slow in 2016.”

According to the report (available in full here), median home prices rose 7.7 percent in 2016, to $210,000. Home sales volume increased 4.6 percent, to 324,924 homes sold. Average days on market held steady from 2015 at 58 days. Active listings grew six percent last year.

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