Hispanic Population Drives Home Ownership Gains in America

2-minute read

In it's ninth year of publication, The National Association of Hispanic Real Estate Professionals has released it's "2018 State of Hispanic Home Ownership Report" this past Tuesday.

NAHREP states that “Over the past decade, Hispanics have accounted for 62.7% of net U.S. homeownership gains, growing from 6,303,000 homeowners to 7,877,000, a total increase of 1,574,000 Hispanic homeowners," meaning that the U.S. Hispanic population contributed 362k homeowners, increasing the U.S. housing market's home ownership rate to  47.1%.

The report highlights this also is the largest net gain for Hispanics since 2005.

“Despite concerns about housing inventory and changing government policies related to homeownership, the leading indicators, such as household formation, income trends, age, and consumer sentiment, suggest that Hispanics will continue to drive homeownership gains in America,” according to the report.

In each of the past four years, Hispanics have been the only ethnic demographic group to increase their homeownership rate, the report notes. 

NAHREP's 2018 report also includes additional stats, such as:

• Population Trends
• Income Trends
• Household Formation and Trends

Read the full report HERE.