The Asian Real Estate Association of America (AREAA), a national nonprofit trade organization, released its 2021 State of Asia America Report on June 30, showing the south has become an increasingly attractive choice for homeownership among members of the Asian community. It has the highest Asian American & Pacific Islander (AAPI) homeownership rate in the nation. The 38-page report, compiling data from over 14 sources, is a collaborative effort between AREAA, RE/MAX, and Freddie Mac. The report shows 50 percent of the AAPI community reside in the west, with approximately a third living in California. Of the 22 real estate markets studied nationally, AREAA found the AAPI community with a higher homeownership rate than the national average, in only 5 markets. The highest homeownership rate among AAPI is at 65.4 percent for those living in the southern states. In contrast, they have the lowest overall average income compared to AAPI …
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