Hispanic Homeownership Rate Continues to Rise – NMP
Industry News

Hispanic Homeownership Rate Continues to Rise

Feb 03, 2017
The Hispanic homeownership rate rose from 45.6 percent in 2015 to 46 percent in 2016, according to data from the National Association of Hispanic Real Estate Professionals (NAHREP)

The Hispanic homeownership rate rose from 45.6 percent in 2015 to 46 percent in 2016, according to data from the National Association of Hispanic Real Estate Professionals (NAHREP). This is the second year in a row that this demographic experienced a homeownership rate increase.
 
This increase in homeownership is mirrored by a decline in the overall U.S. homeownership rate—a slight dip from 63.7 percent in 2015 to 63.4 percent last year—and reported declines in homeownership among African-Americans and Asian-Americans. NAHREP also reported that Hispanics led in net household formations in 2016, adding a total net increase of 330,000 households.
 
“With credit remaining tight and limited housing inventory in several markets, these numbers are extremely encouraging and a testament to the economic resilience of the Hispanic community,” said 2016 NAHREP President Joseph Nery. “As the mortgage industry continues to recognize the exceptional opportunities in serving the Hispanic market and adjusts accordingly, we expect these numbers to only improve.”
About the author
Phil Hall
Link copied
Published
Feb 03, 2017
Get the NMP Daily
Tech
Experian Expands Payroll Verification Reach With Workday Deal

Integration adds to growing competition to give mortgage lenders faster access to borrower income and employment data

Experian is expanding the payroll data available through its income and employment verification network through a new integration with Workday.The integration will expand the real-time income and employment information accessible through Experian Verify, according to the com...

Continue reading
Industry News
Newfi And Addy AI Announce Partnership

Newfi and Addy AI today announced a collaboration focused on the continued evolution of artificial intelligence in mortgage lending

Newfi and Addy AI today announced a collaboration focused on the continued evolution of artificial intelligence in mortgage lending.Newfi has built innovative lending products and a modern approach to the mortgage market. As the industry evolves, the company continues to exp...

Continue reading
Renew your NMLS License — for free.

Enjoy access to a free NMLS renewal class when you attend an in-person event.

Find an event
More from
Industry News
CHLA: More Freddie Mac MBS Buying Could Narrow Mortgage Spreads

Trade group estimates greater Freddie participation could compress spreads another 10 to 12 basis points as Fannie has taken the lead in GSE mortgage-bond buying

Industry News
Sep 23, 2026
Early Loan-Limit Race Splits Into Three Tiers

Lenders are now offering $845,000, $847,440, or $850,000 before FHFA sets the official 2027 limits

Industry News
Sep 23, 2026
Better, Garg Clash Over Claimed 46% Shareholder Support

Better disputes its former CEO’s preliminary consent count as the two sides trade accusations and an Oct. 2 target date approaches

C-Suite Strategies
Sep 23, 2026
Fannie Changes How Rent From A Former Home Counts

Fannie now prohibits leases for departing residences and permits market-analysis tools instead of Form 1007, creating a key documentation difference from Freddie Mac

Regulation and Compliance
Sep 22, 2026
MPF Expands Eligibility For Manufactured And Renovation Loans

The Mortgage Partnership Finance Program has expanded MPF Traditional eligibility for affordable loans, manufactured homes, renovations, and lender-funded assistance

Industry News
Sep 22, 2026