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Asian-American home ownership falls short

Group trails non-Hispanic whites by 20%, survey finds

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The number of Asian Americans who rent their homes is more than 10 percent higher than the overall U.S. population, according to preliminary results of a national study focused on Asian-American home ownership. The study found that 47 percent of Asian households rent, compared to 34 percent of the general population. The Asian-American Home Ownership study, commissioned by the Asian Real Estate Association of America, in partnership with the UCLA Asian American Studies Center, seeks to identify obstacles facing Asian Americans as they relate to housing and home ownership. According to the 2000 U.S. Census, Asian Americans remain the fastest-growing racial population, numbering more than 12 million or approximately 4.5 percent of the total U.S. population. This group is expected to triple in size by the year 2050. Yet despite evidence of a prosperous community, national Asian-American home-ownership rates fall behind that of non-Hispanic whites by approximately 20 percent. "While C...