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There's no doubt many Minnesota homeowners of color have been battered in this recession. The 

 has crippled many neighborhoods. We were riveted by the 

But amid the pain is there something positive happening we haven't seen? I started wondering about that after seeing some data showing minority home ownership rates holding surprisingly steady during 2008.

Click on the graph below to see the rates of ownership since 2000. The numbers were part of a presentation this week by 

Minnesota Home Ownership Center's Annual Emerging Markets Summit.

"Emerging markets" is a collective description for people of color. We asked Grover what he thought:

What's going on? Is it possible that people of color who are buying homes are offsetting many of the home losses we're seeing in the foreclosure data, so that the home ownership rates are staying relatively stable?

Grover says he hasn't had time to analyze the data enough to draw conclusions. He plans to examine it deeper.

It definitely needs more exploration. It's the seed of something interesting.

I was especially intrigued by the growth in ownership rates since 2000 among Asian and Latino people.

Of course, there's plenty of other data to show things are not good and the gap between white and minority ownership is among the highest of any state in the country. And Minnesota is 

nowhere near the end of the mortgage crisis. 

Still, it's worth keeping an eye on who's doing the home buying this year and next.

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What's your take on the housing market right now? Post below or 

Click on the map icons below to read what Minnesotans in 

have been telling us about the housing climate around them. Then 

Business and Economic News

MinnEcon Blog

Paul Tosto

Author

Positive data in a new set of data on minority homeowners in Minnesota?

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