TheBlackList Pub

For All Points-Of-The-View.

Hispanic Homeownership Rate Increases for the Second Consecutive Year According to National Association of Hispanic Real Estate Professionals

National homeownership rate drops for the 12th consecutive year, with lowest levels in almost 50 years. Hispanics were the only ethnic demographic with increase in homeownership rate.

The National Association of Hispanic Real Estate Professionals (NAHREP®) has announced for the second year in a row, United States Census data demonstrates Hispanics were the only ethnic demographic with an increase to their homeownership rate, which surged from 45.6 percent in 2015 to 46.0 percent in 2016. The improvement came in a year when Hispanics also led in net household formations, adding a total net increase of 330,000 households.

Overall homeownership rates in the U.S. are at their lowest levels in almost 50 years. Hispanics have broken from this trend due to their high workforce participation and the fervent desire to own a home.

Initiatives from major corporations focused on Hispanic homebuyers, and a sharp growth of Hispanic entrepreneurs in mortgage banking and the real estate brokerage business are helping to advance this growth.

“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.”

According to United States Census data, the overall homeownership rate dropped from 63.7 percent in 2015 to 63.4 percent in 2016. At the same time, the African-American rate also dipped from 43.0 percent to 42.2 percent and the Asian-American rate dropped from 56.5 percent to 55.5 percent.

NAHREP will release its annual State of Hispanic Homeownership Report® on March 28th at the organization’s Housing Policy & Hispanic Lending Conference in Washington DC. The conference is home to world-class educational sessions that educate attendees on important housing policy changes, the future of lending, credit access, cultural competency in the industry and NAHREP’s policy recommendations for the government. For more information or to register for the conference, go to http://www.nahrep.org/dc2017.

About NAHREP: The National Association of Hispanic Real Estate Professionals, a nonprofit 501(c) 6 trade association, is dedicated to advancing sustainable homeownership among Latinos by educating and empowering the real estate professionals who serve them. NAHREP is the premier trade organization for Hispanics and has more than 26,000 members in 48 states and 50 affiliate chapters.

Press Contact: Jason Riveiro, NAHREP, jriveiro(at)nahrep(dot)org, (513) 482-1814

SAN DIEGO, CA (PRWEB) FEBRUARY 03, 2017

Views: 25

Reply to This


Donations Accepted

Get on TheBlackList with
the following networks:

Facebook Page Twitter Ning foursquare StumbleUpon Digg Blogger pinterest

 

Forum

2017 African American Home Ownership Report Issued With Cautious Optimism

Started by TheBlackList-Publisher in BUSINESS yesterday. 0 Replies

National Association of Real Estate Brokers (NAREB) issues the 2017 State of Housing in Black America report with a view to push for a more equitable mortgage lending landscape.African Americans are returning to the homebuying marketplace in numbers…Continue

Brainwashing

Started by Junious Ricardo Stanton in CURRENT EVENTS AND TOPICAL ISSUES on Tuesday. 0 Replies

                                                        From The…Continue

CASTING CALL: Anti-Opioid Music Video, "FLIPPIN" Seeks Community People To Appear

Started by Mwalim *7) DaPhunkeeProfessor in CURRENT EVENTS AND TOPICAL ISSUES on Monday. 0 Replies

SKL is producing a music video for the Anti-Opioid Anthem "FLIPPIN" and is seeking community members to appear in the video for a national campaign.MASHPEE - SKL is seeking volunteers from the Mashpee Wampanoag Tribe as well asother First Nations…Continue

Tags: announcement, service, public, spa, native

Mashpee Wampanoag Hip-Hop Artists Create Anti-Opioids Anthem with The GroovaLottos

Started by Mwalim *7) DaPhunkeeProfessor in CURRENT EVENTS AND TOPICAL ISSUES Sep 14. 0 Replies

Photos Courtesy of SKL  Hip-hop/Spoken-word collective Soul Poet's…Continue

Tags: wampanoag, native, maerican, hip-hop, mashpee

The GroovaLottos launch Down Streeters, LLC

Started by Mwalim *7) DaPhunkeeProfessor in The Arts Sep 12. 0 Replies

MASHPEE, Mass. - This year has been one of amazing trajectory for…Continue

Tags: music, soul, blues, festival, concert

© 2017   Created by KWASI Akyeampong.   Powered by

Badges  |  Report an Issue  |  Terms of Service

Offline

Live Video

= = http://theblacklist.net/