In a recent article, The Pew Research Center mentioned that “Millennials have become the nation’s largest living generation, surpassing Baby Boomers. Now numbering 75.4 million, the Millennial population continues to grow as young immigrants expand its ranks…This demographic shift is particularly evident among Hispanics: Nearly six-in-ten Hispanics are Millennials or younger…”
Are Hispanic Millennials important to the housing market?
Continue reading Hispanic Millennials Are Driving Household Formation
Hispanics, in general, are very family oriented. As Livestrong.com mentions, “The needs of the family are more important than the concerns of the individuals, and the individual’s self-esteem and identity is strongly affected by his or her relationship with family members.” Keeping family in mind as a priority, WalletHub recently conducted an analysis of ‘2017’s Best & Worst States to Raise a Family.’
Continue reading The Best States to Raise a Family In
One on the most common comments made about Hispanics in the U.S., as mentioned by Forbes, is “I understand the significant population growth, but this is a low-income segment, they don’t have the [purchasing] power my brand is looking for.” Well, the best retort to that comment is real data.
Continue reading The Number of Affluent Hispanics Is Steadily on the Rise
In 2014, there were 3.6 million Hispanics aged 65 and over in the U.S.; According to the U.S. Department of Health and Human Services, that number is projected to grow to 21.5 million by 2060 (as shown in the graph below).
Continue reading The Housing Challenges Facing Latino Baby Boomers
Part of the American Dream is having the opportunity to own your own home! Unfortunately, some people believe that they don’t qualify to buy based on what they have seen in commercials or have heard from their friends; They believe that in order to buy, they need a FICO score of 800 or higher (which is the key number that we see in many commercials).
Continue reading What FICO Score Do You Need to Buy a Home?