Hispanic Home Ownership Rate Up

Hispanic Home Ownership Rate Up

Hispanic ownership rate up for first time in 6 years

WASHINGTON – March 18, 2016 – According to a report released by the Hispanic Wealth Project and the National Association of Hispanic Real Estate Professionals (NAHREP), the Hispanic homeownership rate rose in 2015 for the first time since 2009.

According to the State of Hispanic Homeownership Report, the Hispanic homeownership rate averaged 45.6 percent last year, up 0.2 percent from 2014. However, a comparison of year-to-year December numbers found that the rate surged from 44.5 percent in 2014 to 46.7 percent in 2015 – the biggest one-year gain in over a decade.

"Policymakers and the housing industry need to recognize that the face of homeownership in America has changed, and it is in everyone's interest to ensure that these new consumers have access to relevant lending products, affordable housing stock, and culturally competent service providers in the coming years," says NAHREP President Joseph Nery.

Meanwhile, "The Latino community is massive, it's ready to own, and it's now," says Mortgage Bankers Association President and CEO David Stevens notes. "The significance of Hispanics to housing and the economy will only grow, creating opportunity for all who focus on this vibrant, dynamic and impactful part of the U.S. economy."

Source: RealtorMag (03/16/2016)

© Copyright 2016 INFORMATION, INC. Bethesda, MD (301) 215-4688

Ray Negron Headshot
Phone: 561-202-4369
Dated: March 21st 2016
Views: 170
About Ray: ...

Property Search

RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

New Listing 7712 Park Lane Road Lake Worth FL 33449 - New Listing!!!!This beautiful
Sep 23 2018 58263 2 - Home Flips Plunge as
Sep 23 2018 58263 1 - Sellers who inherited a house have
Sep 23 2018 51565 1 - OPEN HOUSE TODAY 1-3PM 8186

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Exit Realty Premier Elite
8961 Hypoluxo Road
Lake Worth, FL

Other Locations