African Americans Homeownership

Posted on | by EssayClue Team

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African Americans HomeownershipThe survey was conducted among 29 Individuals with all of them consenting to answer the questions. In response to the place of residence, 48.2% said that they lived in Florida, 45.8% lived in Georgia while 3.4% said that they lived in South Carolina. When asked to describe the type of home to which they were currently living, 69% said that they lived in a house while 31 percent lived in apartments. 72% said that some of their immediate family owned a home, 13.8% said all of them while a similar percentage, 13.8% said that none of their immediate family members owned a home.

In response to the question, “How much do you know about owning a home?” 62.1% said that they knew a few things, some said they knew a lot while 10.3% said that they knew nothing at all in regards to owning a home. When asked if they are planning to own a home in someday in future, 93.1% said yes, while no one said no. However, a smaller percentage said that they were not sure of whether they could own a home in the future. When asked whether they think that most of the African Americans own their homes or houses, a large percentage, 51.7% said no, 10% said yes while 37.9% said that they were not sure whether most of the African Americans own the houses they are living in presently.

The next question was in regards to the number of realtors that the respondents knew. In response, 34.5% said that they knew two of them, 27.6% said that they knew 4, 24.1% reported 3, 10.3% reported one while the rest of the respondent said none. When asked whether they have ever tried to get a loan from the bank, 55.2% said no while 44.8% said yes.

The next question tried to investigate the factors considered when purchasing a house. 86.2% stated that price was the main factor to consider when buying a home, 75.9% said location, 62.1% said personal credit, while 58.6% said that opportunities were the main factors to consider. In the event of buying a house, 81.5% said that they would like to own a house in the next five years, 14.8% in the next ten years while the rest of the respondents stated that they would like to own one in the next 15 years.

The respondents were also asked about the gender which they identified with. 51.7% said that they identified with the female gender, while 48.3% stated that they identified with the female gender. None of the respondents preferred not to state their gender. For questions regarding ethnicity and race, 89.7% said that they identified with the Black/African American, the least percentage identified with Hispanics while the rest were white/Caucasian. In response to the question regarding marital status, 69% were single while 31% were married. A high number of the respondents, 32.1% earned a household income of $30,000-$40,000, 28.6% earned $50,000 and above, 21.4% earned $40,000-$50,000, 10% earned $20,000-$30,000 and the others 7.1% said that they earned no housed income.

African Americans Homeownership

Posted on | by EssayClue Team

Students Name

Institution of Affiliation

Course Title

Date

African Americans HomeownershipThe survey was conducted among 29 Individuals with all of them consenting to answer the questions. In response to the place of residence, 48.2% said that they lived in Florida, 45.8% lived in Georgia while 3.4% said that they lived in South Carolina. When asked to describe the type of home to which they were currently living, 69% said that they lived in a house while 31 percent lived in apartments. 72% said that some of their immediate family owned a home, 13.8% said all of them while a similar percentage, 13.8% said that none of their immediate family members owned a home.

In response to the question, “How much do you know about owning a home?” 62.1% said that they knew a few things, some said they knew a lot while 10.3% said that they knew nothing at all in regards to owning a home. When asked if they are planning to own a home in someday in future, 93.1% said yes, while no one said no. However, a smaller percentage said that they were not sure of whether they could own a home in the future. When asked whether they think that most of the African Americans own their homes or houses, a large percentage, 51.7% said no, 10% said yes while 37.9% said that they were not sure whether most of the African Americans own the houses they are living in presently.

The next question was in regards to the number of realtors that the respondents knew. In response, 34.5% said that they knew two of them, 27.6% said that they knew 4, 24.1% reported 3, 10.3% reported one while the rest of the respondent said none. When asked whether they have ever tried to get a loan from the bank, 55.2% said no while 44.8% said yes.

The next question tried to investigate the factors considered when purchasing a house. 86.2% stated that price was the main factor to consider when buying a home, 75.9% said location, 62.1% said personal credit, while 58.6% said that opportunities were the main factors to consider. In the event of buying a house, 81.5% said that they would like to own a house in the next five years, 14.8% in the next ten years while the rest of the respondents stated that they would like to own one in the next 15 years.

The respondents were also asked about the gender which they identified with. 51.7% said that they identified with the female gender, while 48.3% stated that they identified with the female gender. None of the respondents preferred not to state their gender. For questions regarding ethnicity and race, 89.7% said that they identified with the Black/African American, the least percentage identified with Hispanics while the rest were white/Caucasian. In response to the question regarding marital status, 69% were single while 31% were married. A high number of the respondents, 32.1% earned a household income of $30,000-$40,000, 28.6% earned $50,000 and above, 21.4% earned $40,000-$50,000, 10% earned $20,000-$30,000 and the others 7.1% said that they earned no housed income.

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