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Latinos a growing force in the housing market

Posted on April 14, 2022 by Community Real Estate

Source: Washington Post

Latino homeownership is expanding across the country at a record pace, with younger buyers fueling much of the increase, according to data by the National Association of Hispanic Real Estate Professionals (NAHREP). The rise is altering the real estate landscape in many pockets of the country and making this demographic a growing force in the sharply rising housing market.

The Latino homeownership rate increased to 48.4 percent in 2021, up from 47.5 percent in 2019, the highest level since the mid-2000s. In California, the Riverside/San Bernardino market saw the greatest increase in Hispanic homeowners in 2021, but the market was still tough for first-time buyers in areas with housing inventory and affordability challenges.

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