Despite high levels of homeownership, report finds heavy financial burdens on AAPI households

In this Wednesday, Feb. 17, 2016, file photo, town homes stand under construction as a pedestrian walks along the BeltLine in Atlanta. e real estate firm Zillow. (AP Photo/David Goldman, File)

Nicole Bachaud, a senior economist at Zillow, says while all racial groups are being impacted by the current housing affordability crisis, a new Zillow report sheds light on how people from the Asian and Pacific Islander (AAPI) community are disproportionately impacted.

According to the study, AAPI residents make up some of the largest communities of homeowners at 70% in the Atlanta area. However, these same households face some of the highest housing payment burdens.

On Wednesday’s edition of “Closer Look,” Bachaud talked with show host Rose Scott about the report and the many challenges Atlanta’s AAPI community face when purchasing a home and paying their monthly mortgage.

During the conversation, Bachaud also talked about how high mortgage rates and home costs limit housing inventory and force buyers to purchase new construction properties.