Rate of home ownership among millennials of color is strikingly low, study finds

Mama may have, Papa may have ... but God bless the child that's got his own. The famous Billie Holiday lyrics ring true when it comes to the current state of homeownership.

While millennials made up 36 percent of homebuyers in 2017, they have yet to catch up with other generations as far as home ownership is concerned. A recent study found they have lower homeownership rates than the nation's two previous generations, and millennials of color have rates nearly 15 percentage points lower than their white counterparts.

"Student loan debt has hindered many, especially