Hispanics Rise To The Top Of The Ranks In U.S. Homeownership Growth
New data from the National Association of Hispanic Real Estate professionals revealed that Hispanics make up more than 60% of the growth in the homeownership rate across the nation, over the past 10 years.
"Over the past decade, Hispanics have accounted for 62.7% of net U.S. homeownership gains, growing from 6,303,000 homeowners to 7,877,000, a total increase of 1,574,000 Hispanic homeowners," NAHREP writes, according to HousingWire.
"This upward trajectory for Hispanic homeownership is consistent with projections made by the Urban Institute that Hispanics will account for more than half of all new homeowners over the next several years and for 56% of all new homeowners by 2030."
In 2018, Hispanics added 362,000 homeowners to the U.S. housing market, boosting the Hispanic homeownership rate to 47.1%, according to the report. This is a 9% increase from the previous year.
Fannie Mae's 2018 annual housing survey also confirmed that the demand in homeownership for Hispanic Americans continues to grow.
To learn more about the increase in Hispanic homeownership across the country, click on the image above.
