Latinx: The Only Group Whose Homeownership Rate Increased in 2016

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Latinx: The Only Group Whose Homeownership Rate Increased in 2016 | Latina on Real Estate

The homeownership rate of Latinxs increased in 2016!

According to the U.S. Census Bureau, the overall homeownership rate dropped from 63.7% in 2015 to 63.4% in 2016. At the same time, the homeownership rate of African-Americans also dropped from 43% to 42.2%, and the rate of Asian-American homeownership dropped from 56.5% to 55.5%. A more positive statistic from the U.S. Census Bureau’s report is that the homeownership rate among Latinx increased to 46% in 2016, up from 45.6% the year before.

In addition, HousingWire reported that “Hispanics also led the nation in household formations with a net increase of 330,000 households in 2016.

If you are renting right now and would like to learn about the homeownership opportunities available to you, call a local real estate professional today and take advantage of the options available in your marketplace.

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