As country gets richer  homeowners see the most gain   Curbed

EXCERPT: “Late last year, the United States quietly hit a financial milestone. According to a report from the Federal Reserve, household net worth in this country rose to a new record, hitting $98.74 trillion . . . But while the quarterly report, known as the ‘flow of funds,’ shows growth, it doesn’t break down demographics or examine how assets are distributed. That breakdown would likely show much less encouraging news: evidence of an economy becoming more and more uneven, due to the unequal distribution of opportunity across economic, racial, and generational lines. . . . According to a recent study by the Urban Institute, not one of the 100 cities with the largest black populations has anywhere close to an equal homeownership rate between black and white people. In Minneapolis, Minnesota, the gap is a staggering 50 percent. These disparities get reinforced in the mortgage market: A Wall Street Journal analysis found that just 5 percent of mortgages were offered to African Americans in 2014, down 3 percentage points from 2014.” FULLSTORY: http://bit.ly/2HwQJK8