What we don't know but should know about Hispanic market and Real Estate.

Many of us are unaware of how powerful the Hispanic market has become throughout the years. Especially, how powerful they are in the real estate field. After the economic hardship and the unprivileged services Latinos received when acquiring homes, Latinos are ready to be the leading market for home ownership.

Many of us are unaware of how powerful the Hispanic market has become throughout the years. Especially, how powerful they are in the real estate field. After the economic hardship and the unprivileged services Latinos received when acquiring homes, Latinos are ready to be the leading market for home ownership. Since 2000, the number of hispanic home owners in the United States has increased 47% (from 4.2 million to 6.8 million). Now, that is a shocking a number. Why is it that Hispanics are buying more homes and even surpassing the Caucasian market? This is because Hispanics are passionate about homeownership and take pride in it. According to an annual Fannie Mae survey, in 2013, Hispanics were more likely than the general population to prefer owning because it makes more financial sense and is a good place to raise a family. They are also more likely than the general population to expect to buy a home in the next three years. Not only is their passion a growing force toward homeownership, but also hispanics are becoming more educated and obtaining better jobs. Hispanics continue to drive the growth of the nation’s workforce. Since 2000, Hispanic job gains have accounted for 66 percent of the total U.S. job growth. Also, in 2012, 69 percent of Hispanic high school graduates enrolled in college, for the first time surpassing non-Hispanic Whites at 67 percent! Hispanics are exerting a powerful influence on the economy and are transforming America’s marketplace. They are primary drivers of the nation’s population growth, housing demand, labor force, and entrepreneurial endeavors. Over the long run, their economic role will become even more important as they continue to make gains in education, income, and homeownership! *NAHREP 2013 State of Hispanic Homeownership Report

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