The 3 Barriers to Homeownership in the Hispanic Community

The 3 Barriers to Homeownership in the Hispanic Community | Latina on Real Estate

The 2016 State of Hispanic Homeownership Report by NAHREP (the National Association of Hispanic Real Estate Professionals) highlights the barriers to Hispanic homeownership. Here is a summary of those barriers followed by an excerpt from the report:

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The State of Hispanic Homeownership

The State of Hispanic Homeownership | Latina on Real Estate

Last month, the National Association of Hispanic Real Estate Professionals (NAHREP) released their annual State of Hispanic Homeownership Report for 2016. This is a 24-page report that focuses “on the household formation rates and the consequent homeownership growth of Hispanics as well as their related educational achievements, entrepreneurial undertakings, labor force profile, and consumer purchasing power in the country.

The report is full of great information, so you should download it and read all 24 pages. In this blog post, I will mention a few facts that, in my opinion, are relevant to all of us:

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The Barriers to Homeownership in the Hispanic Community

The Barriers to Homeownership in the Hispanic Community | Latina on Real Estate

One in four U.S. adults say they are considering buying a home this year,according to Realtor Magazine. Talking about minorities in the same article, Holden Lewis, a mortgage analyst at Bankrate.com, said, “Now that the economy has improved and time has passed, maybe they‘re ready to jump back in and own a home again.

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The Best States to Raise a Family In

The Best States to Raise a Family In | Latina on Real Estate

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.’

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