Compared with the rest of the US, the racial housing gap between Black and white households on Long Island is smaller, but wealth disparities and a history of discrimination continue to influence the market. Michael Neal, a housing finance expert at the Urban Institute, spoke with Newsday about the link between homeownership and financial stability. Neal says growing homeownership rates are a sign of economic progress, and the ability to buy a home “is a piece of what it means to be an American.” 

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