{"id":2936,"date":"2017-04-03T00:00:00","date_gmt":"2017-04-03T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/clarity-on-asian-american-homeownership\/"},"modified":"2020-09-11T11:32:42","modified_gmt":"2020-09-11T11:32:42","slug":"clarity-on-asian-american-homeownership","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/clarity-on-asian-american-homeownership\/","title":{"rendered":"Clarity on Asian-American Homeownership"},"content":{"rendered":"

Homeownership rate of Asian-Americans and Pacific Islanders grows rapidly in the U.S.<\/h1>\n
\n

\r\n

The homeownership rate of Asian-Americans and Pacific Islanders was 55.6 percent in 2016, possibly the first accurate data in the U.S. of this rapidly growing segment of the population. It lags behind the national homeownership <\/strong>rate of 63.5 percent and is significantly below the 59 percent recorded for this group in 2015. The 2016 count is more accurate, says the Asian Real Estate<\/a> Association of America, because it was the first year the Census Bureau grouped Asian-Americans and Pacific Islanders into a separate category. They had been grouped in the “other” category prior. “With this new data, researchers will be able to analyze the barriers to housing<\/a> facing the AAPI community that are preventing it from achieving high levels of homeownership,” according to AREAA’s 2016 State of Asia America Report. There are more than 21 million AAPIs living in the U.S., and that number is expected to double by 2050, according to AREAA. Their purchasing power is expected to rise to more than $1 trillion by 2018. Twenty-seven states now have an AAPI population larger than 100,000, with the highest concentration in Los Angeles County, Calif.; Honolulu County, Hawaii; and Santa Clara County, Calif. AREAA’s report also notes that by 2024, 1.8 million more Asian households will be formed. The AAPI population has the highest employment rate of any race or ethnic group at 61.3 percent. It also has the highest average earnings. “Real estate professionals who take time to learn more about the unique needs and challenges of the AAPI community position themselves to provide better service and offer<\/a> more value to customers,” says Geoff Lewis, president of RE\/MAX LLC.<\/div>\r\n
( Homeownership of Asia – American )<\/div>\r\n
Source: \u201cFinally, a True Picture of Asian American Homeownership,\u201d RISMedia (April 2, 2017)<\/em><\/div>\r\n \r\n\r\n<\/pre>\n\n<\/div>\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"

Homeownership rate of Asian-Americans and Pacific Islanders grows rapidly in the U.S. The homeownership rate of … Clarity on Asian-American Homeownership<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":2937,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[518,3770,12908,543,3051,627,445,617,344,1007,818],"class_list":["post-2936","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-america","tag-american-home","tag-home","tag-home-buying-guide","tag-homeowner","tag-homeowners","tag-homeownership","tag-house","tag-housing","tag-owners","tag-real"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/04\/dGKlPNdzkkI","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":647,"url":"https:\/\/amazingproperty.com.ng\/blog\/hispanic-homeownership-defies-national-trend\/","url_meta":{"origin":2936,"position":0},"title":"Hispanic Homeownership Defies National Trend","author":"Amazing Property","date":"February 6, 2017","format":false,"excerpt":"[ad_1] The Hispanic demographic was the only ethnic demographic with an increase in the homeownership rate in 2016. The Hispanic homeownership rate rose from 45.6 percent in 2015 to 46 percent last year, according to the National Association of Hispanic Real Estate Professionals. Read more: Building a Bilingual Agency Further,\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":31792,"url":"https:\/\/amazingproperty.com.ng\/blog\/black-homeownership-remains-disparately-low\/","url_meta":{"origin":2936,"position":1},"title":"Black Homeownership Remains Disparately Low","author":"Amazing Property","date":"March 1, 2022","format":false,"excerpt":"\u00a0 Black homeownership continues to lag and has fallen to a lower level than it was a decade ago. The U.S. homeownership rate has posted its highest annual rise on record, reaching 65.5% in 2020, 1.3 percentage points over the year before. Hispanic homeownership soared to a record high and\u2026","rel":"","context":"In "Property owner"","block_context":{"text":"Property owner","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/property-owner\/"},"img":{"alt_text":"Black homeownership","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2022\/03\/b4279ecd3c95b212680af28f57c5155a-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2022\/03\/b4279ecd3c95b212680af28f57c5155a-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2022\/03\/b4279ecd3c95b212680af28f57c5155a-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2022\/03\/b4279ecd3c95b212680af28f57c5155a-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2022\/03\/b4279ecd3c95b212680af28f57c5155a-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":1268,"url":"https:\/\/amazingproperty.com.ng\/blog\/what-happened-to-black-homeownership\/","url_meta":{"origin":2936,"position":2},"title":"What Happened to Black Homeownership?","author":"Amazing Property","date":"February 24, 2017","format":false,"excerpt":"The Changing Face of Homeownership. Black homeownership has fallen to levels not seen since the 1960s. Black homeownership has fallen to levels not seen since the 1960s, shows a new analysis by The Urban Institute. Many demographic groups faced a decline in homeownership during the housing crisis, but blacks appear\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Block Homeownership","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2022\/03\/b4279ecd3c95b212680af28f57c5155a-11-1024x497.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2022\/03\/b4279ecd3c95b212680af28f57c5155a-11-1024x497.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2022\/03\/b4279ecd3c95b212680af28f57c5155a-11-1024x497.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":663,"url":"https:\/\/amazingproperty.com.ng\/blog\/is-this-the-new-normal-for-homeownership\/","url_meta":{"origin":2936,"position":3},"title":"Is This the New Normal for Homeownership?","author":"Amazing Property","date":"February 7, 2017","format":false,"excerpt":"The homeownership rate is on the decline again. The latest numbers reflecting the fourth quarter of 2016 show the homeownership rate fell from 63.8 percent a year earlier to 63.7 percent, the Census Bureau reported. While the drop may seem slight, it reflects an overall trend for homeownership in the\u2026","rel":"","context":"In "Property owner"","block_context":{"text":"Property owner","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/property-owner\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1528,"url":"https:\/\/amazingproperty.com.ng\/blog\/wells-fargo-initiative-targets-black-ownership\/","url_meta":{"origin":2936,"position":4},"title":"Wells Fargo Initiative Targets Black Ownership","author":"Amazing Property","date":"March 3, 2017","format":false,"excerpt":"[ad_1] Wells Fargo & Company says its new initiative aims to help at least 250,000 African-Americans become homeowners over the next decade. Read more: Brokers Team for Black Home Ownership Campaign The bank giant says its initiative is directly in response to the lower homeownership rates among the African-American community.\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1392,"url":"https:\/\/amazingproperty.com.ng\/blog\/a-retiree-niche-may-be-profitable-here\/","url_meta":{"origin":2936,"position":5},"title":"A Retiree Niche May Be Profitable Here","author":"Amazing Property","date":"February 24, 2017","format":false,"excerpt":"[ad_1] Homeownership continues to be an important part of many Americans\u2019 retirement plan. So where is homeownership in retirement seeing some of the biggest growth? Read more: Buy a Home With No Monthly Payments? Six of the 10 cities where retiree homeownership is rising the fastest are located in warm\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/2936","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=2936"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/2936\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/2937"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=2936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=2936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=2936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}