More than half of Hispanic home shoppers are first-time buyers

While the Hispanic community has traditionally always been underrepresented as homeowners in the U.S., that looks like it’s changing, with the latest trends suggesting that longstanding gaps in homeownership are closing. Fifty-eight percent of Hispanic home shoppers are first-time buyers, significantly higher than the rest of the U.S. population (34%). A new survey conducted by

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Majority of Home Buyers Expected to be Hispanics, African-Americans, and Other Minorities

A very significant change in homebuyer demographics is expected during the next 20 years. Will it also have a significant effect on home values? The January 2021 Urban Institute report (The Future of Headship and Homeownership) finds: “Net growth in the number of homeowners from 2020 to 2040 will be entirely among people of color,

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