HISPANIC HOMEOWNERS MADE UP 39% OF ALL NEW HOUSEHOLDS FROM 2008 TO 2018

According to a report from the National Association of Hispanic Real Estate Professionals, Hispanics made up 39.6% of U.S. household formations between 2008 and 2018. They have also “remained passionate about homeownership” over this period, with 88% of the report’s survey respondents describing a home as a good investment.
The overall Hispanic homeownership rate stood at 47.1% in 2018, and the number of Hispanic-owned households has grown from 4,242,000 in 2000 to 7,877,000 in 2018.
New Mexico had the highest rate of Hispanic homeownership in 2018, with 65.5 percent, followed by Texas at 56.86 percent. The report also found that with the exception of California, in “every state where Hispanics account for greater than 30 percent of the state’s population, their rate of homeownership is above 50 percent.”
The report further identifies an “upward trajectory for Hispanic homeownership,” adding that “Hispanics will account for more than half of all new homeowners over the next several years and for 56 percent of all new homeowners by 2030.”

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