Home price gap causes lost wealth accumulation among minorities and student debt holders

Source: Realty Biz News — 

A study has found that minorities and those burdened with student debt tend to purchase a proportionality higher number of lower-priced homes, and that leads to lost wealth accumulation over time, researchers say.

The research was conducted by Jessica Lautz, vice president of demographics and behavioral insights at the National Association of Realtors, and Michael White, a professor with Nottingham Trent University and director of the Centre of the Built Environment.