A Profile of the Hispanic Home Buyers & Sellers of 2016

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

A Profile of the Hispanic Home Buyers & Sellers of 2016 | Latina on Real Estate

Our home represents so many things for us as a society, and it also has a special meaning for each one of us! Buying a home is one of the most important and in many cases the biggest investment we will make in our lifetime.

Recently the National Association of Realtors published their 2016 Profile of Home Buyers and Sellers in which they survey new home buyers and sellers about their most recent transaction. So who are the home buyers and sellers of 2016?

  • 27% of first-time home buyers and 15% of repeat buyers identified themselves as non-white/Caucasian
  • 7% of first-time home buyers and 2% of repeat buyers reported a language other than English as their primary language.
    • by region: 3% Northeast, 3% Midwest, 4% South and 4% West
  • 13% of first-time home buyers and 8% of the repeat buyers, reported being born outside of the United States.
    • by region: 7% Northeast, 6% Midwest, 11% South and 12% West

Many of the buyers included in the percentages above are members of the Hispanic community. Here is the breakdown of Hispanic Home Buyers and Sellers:

Home Buyers:

  • By region: 3% Northeast, 5% Midwest, 8% South and 9% West
  • By adult composition of household: 8% married couple, 5% single female, 7% single man, 4% unmarried couple, 13% other
  • Children in home: 11% with children under 18 at home, 4% no children at home
  • 9% reported to be first-time homebuyers and 6% repeat buyers

Home Sellers:

The report does not break down as many statistics about home sellers by race, but here are two numbers they did share:

  • Hispanics sellers by region: 2% Northeast, 3% Midwest, 4% South and 9% West
  • Sellers that reported a language other than English as their primary language by region: 1 % Northeast, 2% Midwest, 2% South and 1% West

In Conclusion

Whether you are thinking of buying or selling, and get a new home, take advantage of the historically low interest rates available right now. Contact a local real estate professional today and discuss your options for obtaining your most important asset, your home!

Leave a Reply

Your email address will not be published.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