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Even With Headwinds, Hispanic Homeownership Rises |
By Suzanne De Vita |
Hispanics are a dominating force in homeownership, closing in on their pre-downturn homeownership rate sooner than the U.S. as a whole, according to the annual National Association of Hispanic Real Estate Professionals (NAHREP) report. The Hispanic homeownership rate increased to 46.2 percent in 2017—just 3.5 percent away from the 49.7 percent it was in 2007, prior to the recession. To compare, though the country's homeownership rate increased to 63.9 percent in 2017, it remains 4.2 percent under the 68.1 percent it was 10 years ago. According to the report, last year marked the third straight year Hispanics grew their homeownership rate—the only demographic group to make a three-peat. ...
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