Real Estate

The future of home ownership is Latino

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Amid the recent real estate bull market, one fact has been often overlooked: More than half of home ownership growth over the past decade has come from the Latino population. That trend is expected to continue. A study by the Urban Institute forecasts Latino buyers will comprise 70% of home ownership growth from 2020-2040, serving as the growth engine of American home buying. In fact, the Urban Institute suggests that Latinos will be the only ethnic or racial group that will experience a higher home ownership rate over the next couple of decades.

Financial crisis and home ownership

In the years since the 2008-2009 financial crisis and sub-prime mortgage meltdown, Latino home ownership…



Source cnbc.com

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