{"id":647,"date":"2017-02-06T00:00:00","date_gmt":"2017-02-06T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/hispanic-homeownership-defies-national-trend\/"},"modified":"2017-02-06T00:00:00","modified_gmt":"2017-02-06T00:00:00","slug":"hispanic-homeownership-defies-national-trend","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/hispanic-homeownership-defies-national-trend\/","title":{"rendered":"Hispanic Homeownership Defies National Trend"},"content":{"rendered":"

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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<\/a> Professionals.<\/p>\n

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Read more<\/strong>: Building a Bilingual Agency<\/span><\/a><\/p>\n<\/blockquote>\n

Further, the Hispanic population added 330,000 households, leading in net household formations for 2016 too, according to Census Bureau data.<\/p>\n

\u201cWith credit remaining tight and limited housing<\/a> inventory in several markets, these numbers are extremely encouraging and a testament to the economic resilience of the Hispanic community,\u201d says Joseph Nery, 2016 NAHREP president. \u201cAs the mortgage<\/a> industry continues to recognize the exceptional opportunities in serving the Hispanic market and adjusts accordingly, we expect these numbers to only improve.\u201d<\/p>\n

The overall U.S. homeownership rate fell from 63.7 percent in 2015 to 63.4 percent in 2016, a 50-year low, Census data shows. The homeownership rate among African Americans dropped from 43 percent to 42.2 percent in 2016, while rates among Asian-Americans dipped from 56.5 percent to 55.5 percent.<\/p>\n

Source: National Association of Hispanic Real Estate Professionals<\/a><\/em><\/p>\n<\/div>\n<\/div>\n

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[ad_1] The Hispanic demographic was the only ethnic demographic with an increase in the homeownership rate … Hispanic Homeownership Defies National Trend<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":648,"comment_status":"open","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":false,"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":[519,518,12908,543,627,617,344,408,1007,41,818,15296],"class_list":["post-647","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-africa","tag-america","tag-home","tag-home-buying-guide","tag-homeowners","tag-house","tag-housing","tag-mortgage","tag-owners","tag-property","tag-real","tag-target"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/02\/ZNF52mLDKkI","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":2710,"url":"https:\/\/amazingproperty.com.ng\/blog\/hispanics-are-a-growing-buying-force\/","url_meta":{"origin":647,"position":0},"title":"Hispanics Are a Growing Buying Force","author":"Amazing Property","date":"March 29, 2017","format":false,"excerpt":"While the national homeownership rate decreases, ownership rates among Hispanics are defying the trend with steady rises. The Hispanic homeownership rate grew to 46 percent last year, topping previous highs of 45.6 percent in 2015 and 45.4 percent in 2014, according to the National Association of Hispanic Real Estate Professionals\u2019\u00a02016\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":1528,"url":"https:\/\/amazingproperty.com.ng\/blog\/wells-fargo-initiative-targets-black-ownership\/","url_meta":{"origin":647,"position":1},"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":1268,"url":"https:\/\/amazingproperty.com.ng\/blog\/what-happened-to-black-homeownership\/","url_meta":{"origin":647,"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":31792,"url":"https:\/\/amazingproperty.com.ng\/blog\/black-homeownership-remains-disparately-low\/","url_meta":{"origin":647,"position":3},"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. 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To meet the needs of this growing market and the agents who serve it, the National Association of REALTORS\u00ae recently launched the Spanish-language edition\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":2659,"url":"https:\/\/amazingproperty.com.ng\/blog\/the-economys-thorn-low-ownership-rates\/","url_meta":{"origin":647,"position":5},"title":"The Economy's Thorn: Low Ownership Rates","author":"Amazing Property","date":"March 28, 2017","format":false,"excerpt":"The homeownership rate is near its lowest level in more than 50 years. 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