Latinas in the United States are making “extraordinary progress” according to the presentations given at the summit on Latina empowerment, co-sponsored by the White House Initiative on Educational Excellence for Hispanics and the White House Office of Public Engagement and Intergovernmental Affairs.
Here are some highlights:
- Among young Latinas, the graduation rate increased 15 percent from 2003 to 2013.
- Latina-owned businesses are growing at a faster rate than all women-owned businesses.
- Latina-owned businesses accounted for more than $71 billion in revenue in 2014.
Alejandra Ceja, executive director of the White House Initiative on Educational Excellence for Hispanics said: “As one of the fastest-growing demographics in the US and the driving force behind a trillion dollar purchasing power, Latinas are redefining success and proving that when we invest in Latinas we invest in the success of our country.”
Part of their success can be seen in their creation of wealth, much of which comes from investing in their own homes. The National Association of Realtors’ (NAR) 2016 Profile of Home Buyers and Sellers highlights the increase in the percentage of single women buying homes.
Here are some of those numbers:
- 17% of total purchases were made by single females (up from 15% last year).
- Single, Hispanic females make up 5% of the adult composition of households.
NAR’s Chief Economist Lawrence Yun said: “Single women for years have indicated a strong desire to own a home of their own, as well as on inclination to live closer to friends and family. With job growth holding steady and credit conditions becoming somewhat less stringent than in past years, the willingness and opportunity to buy is becoming more feasible for may single women.”
If you are a Latina, single or not, investing in a home is part of the ‘extraordinary progress’ we have made in the United states. If you are willing, able and ready, contact your local real estate agent today to take the first step toward obtaining your own home.