Hispanic Homeownership Rates on the Rise

Posted by:  Service First
2016-07-20 09:37:16

A recent study by the Hispanic Wealth Project finds significant growth in homeownership among Hispanics since 2000.

Second-generation Hispanics have reached a 50 percent homeownership rate.

In 2015, the Hispanic homeownership growth rate accounted for 69 percent of the total net growth. This may be due in part to the growing Hispanic population as a whole, which reached 57 million in 2015. Of the 57 million, 67 percent of individuals say they favor homeownership to renting.

In addition to the soaring rates of homeownership, the median household income for Hispanics increased to $42,490 and poverty dropped by 23.7 percent in 2014.

Source: Inman.com

Categories:   industry news

Post a Comment