Skip to main content

Hispanic Homeownership Rate Up for Fifth Straight Year

Phil Hall
Feb 18, 2020
Photo credit: Getty Images/Pureradiancephoto

The Hispanic homeownership grew for the fifth consecutive year during 2019, according to the National Association of Hispanic Real Estate Professionals (NAHREP) Annual State of Hispanic Homeownership Report, which will be released next month.
 
The new report found Hispanic homeownership rate at 47.5 percent last year, and Hispanics have been the only demographic group to record an increase in each of the past five years. NAHREP noted that Hispanics accounted for 51.58 percent of net growth in homeownership between 2009 and 2019, while non-Hispanic whites accounted for only 1.5 percent of homeownership growth over that same 10-year stretch.
 
NAHREP added the total number of Hispanic homeowners increased by 277,000 in 2019, while the overall number of Hispanic households increased by 435,000. Hispanics currently represent 18.3 percent of the U.S. population and have a labor force participation rate of 66.8 percent, the highest participation rate of any demographic.
 
"The vibrancy of the Latino homebuyer population helped to pull our industry out of recession in 2012 and continues to drive growth in markets all across the United States," said David Acosta, 2020 NAHREP president. "This year's report will give the industry a more complete picture of Hispanic buyer nuances and geographic concentrations."

 
Biden Appoints Sandra Thompson As Acting Director Of The FHFA

The White House appointed Sandra L. Thompson as acting director of the Federal Housing Finance Agency (FHFA), effective immediately. Her statement reveals that a permanent director will be confirmed in December.

Regulation and Compliance
Jun 24, 2021
Supreme Court Gives Biden Full Control Over Federal Housing Finance Agency

The U.S. Supreme Court gave President Joe Biden the authority to remove the head of the Federal Housing Finance Agency (FHFA) while dismissing claims from shareholders of Fannie Mae and Freddie Mac.

Industry News
Jun 23, 2021
Ocwen Financial To Acquire Reverse Mortgage Servicing Platform

Ocwen Financial Corporation's wholly-owned subsidiary, PHH Mortgage Corporation will acquire RMS' reverse mortgage servicing platform.

Industry News
Jun 18, 2021
UniteCT Emergency Rental Assistance Succeeds

Thanks to the successful launch of the UniteCT program, emergency rental assistance funds are helping Connecticut residents maintain housing.

Industry News
Jun 17, 2021
Angel Oak Mortgage Announces Initial Public Offering

Angel Oak Mortgage announced its initial public offering of 7,200,000 shares of its common stock at $19 per share.

Industry News
Jun 17, 2021
Mortgage Apps Rebound After Three Consecutive Weeks Of Declines

The Mortgage Bankers Association reported the first increase in mortgage applications after a three consecutive weeks on declines.

Industry News
Jun 17, 2021