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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Hispanic homeownership rate is fastest growing in the U.S.

Latinos are buying homes are a higher rate than the overall U.S. population, beginning to close a gap between the Hispanic and white homeownership rate that has tripled since the start of last century. Affordability and racial inequity combined to compound a disparity throughout the past 12 decades. The typical Latin household in the U.S.

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Foreclosure crisis still impacts black and Hispanic communities

Millions of homeowners across the country lost their homes in the foreclosure crisis, missing out on the opportunity to regain and grow their net wealth as the housing market recovered. But in black and Hispanic communities, the foreclosure crisis hit especially hard, and homes in those areas have yet to fully recover, according to a

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Middle class African-Americans, Hispanics, priced out of home ownership in largest U.S. metros

Just 18 percent of homes listed for sale in the U.S.’s 30 biggest metro areas were affordable for middle-class Hispanic families in 2016, and just 14 percent were within the financial reach of African-American families

Zillow: Blacks & Hispanics twice as likely to be refused a mortgage

White and Asian borrowers are more likely to be approved for a conventional loan than black or Hispanic borrowers, according to the latest federally released data from the Home Mortgage Disclosure Act (HMDA).

HUD steps up to defend non-English speakers’ housing rights

The Department of Housing and Urban Development (HUD) has had to step in with new guidance reminding people that those with limited English proficiency are also protected under the Fair Housing Act.

Latinos Emerging As Next Big Players in Housing

Latin Americans are becoming a force to contend with in US housing markets, following revelations that the purchasing power of this demographic has more than doubled over the last ten years.

Hispanics Account For More Than Half of All New Homeowners

A new report in HousingWire shows that Hispanics make up more than half of all new homeowners in the US, after they snapped up 53% of the 545,000 new households which were formed over the third quarter. Other ethnicities accounted for just 47% of all new households formed, something which is seen as evidence of

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Latinos Express Growing Concerns Over Housing Crisis

ImpreMedia released the results of its new survey indicating that Latinos in the United States have serious concerns about the housing market, largely due to the ongoing foreclosure crisis.  Although 72 percent believe they have reached or can reach their “American Dream”, only 47 percent include owning a home as part of that dream.    Furthermore,

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