As we continue to celebrate National Hispanic Heritage Month by recognizing the contributions made by Hispanic and Latino Americans in the United States, let’s analyze their contributions to the housing sector. Here is what the experts have to say:
“Hispanics have accounted for 43% of the growth in U.S. households since 2000 and have accounted for 56% of new household formations over the past five years.”
More than 2.5 million Hispanics purchased their home with a down payment of less than 5%.
Of active-service military home buyers, 27% identified as Hispanic/Latino.
The number of Hispanic owner households grew from 69.2 million in 2000, to 74.7 million in 2013.
Their goal is to fulfill the ‘American Dream,’ and a key part of that dream is to own their own home.
“76% of Hispanics think that housing in as excellent investment and 68% say homeownership is an important goal.”
Of the Hispanics surveyed, 70% agreed that owning their home is necessary to live the American Dream.
If you are a Hispanic whose goal is to fulfill your ‘American Dream,’ call a local real estate professional today who can help you analyze your opportunities so that you can own a home in today’s market.