The Rate of Hispanic Homeownership in 2016

Share this... Share on FacebookTweet about this on TwitterShare on LinkedInShare on Google+Pin on PinterestPrint this page

The Rate of Hispanic Homeownership in 2016 - Latina on Real Estate

Last year, the Urban Institute released a study titled, “Headship and Homeownership: What Does the Future Hold?” In the study, they focus on the “pace of household formation and homeownership attainment—nationally and by age groups and race/ethnicity over the past quarter-century—and project future trends.”

According to the study:

  • There are 11.6 million new households projected from 2010 to 2020, and 10.4 million new households projected from 2020 to 2030.
  • Of the 11.6 million new households, 8.9 million will be minority households.
  • Of those 8.9 million households, 4.6 million (39%) will be Hispanic.
  • Of the 10.4 million new households projected from 2020 to 2030, it is projected that 46% will be Hispanic.

But, how many of these projected Hispanic households will be homeowners, and what is the current rate of Hispanic homeownership in the U.S.?

In their report, Residential Vacancies and Homeownership In the First Quarter 2016, the U.S. Census Bureau found a homeownership rate of 45.3% among Hispanics. This is a year-over-year increase of 1.2% in comparison to the first quarter of 2015. (Last numbers reported.)

Here are the numbers for 2015:

  • First quarter: 44.1%
  • Second quarter: 45.4 %
  • Third quarter: 46.1%
  • Fourth quarter: 46.7%

As we can see, there is currently a higher percentage of Hispanic homeownership this year!

In conclusion,

If you are thinking of buying a home but you are not sure if you qualify, call your local real estate professional and find out your options today.

2 thoughts on “The Rate of Hispanic Homeownership in 2016”

    1. Hi Damaris,

      Thank you for your comment!

      Here is a blog with a few links that can help you, “Are You a Hispanic Who Wants to Buy a Home? Here’s How to Save for the Down Payment.” (http://www.latinaonrealestate.com/en/2016/05/12/are-you-a-hispanic-who-wants-to-buy-a-home-heres-how-to-save-for-the-down-payment/) Now, I want you to understand that the programs change from state-to-state, so I am going to send you a private email to get more information so that I can better help you.

      Jeymy

Leave a Reply

Your email address will not be published. Required fields are marked *