NAHREP: State of Hispanic Homeownership Report
The National Association of Hispanic Real Estate Professionals’ recently released their The State of Hispanic Homeownership Report. The 24-page document offers an update on the Hispanic homebuyer market and traces Hispanics’s rise in household formations and reveals the variables that make them homeownership-ready and able to drive demand in the current homebuyer market.
According to the report, Hispanics continue to lead the surge in U.S. homeownership and accounted 51% of the total net increase of owner households. The number of Hispanic homeowners grew from 4.24 million in 2000 to 6.69 million in 2012, a remarkable increase of 58 percent at a time when the rest of the U.S. population saw a net increase of only 5 percent.