Around 70% of new homebuyers will be Hispanic by 2040, according to projections from the Urban Institute. Based on the 2020 Census data, Hispanics are the quickest growing demographic in the U.S. However, with rising interest rates and escalating home prices, affordability issues are appearing for young Hispanic homebuyers.
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This is the biggest obstacle that most first-time homebuyers are facing in today’s challenging real estate market.
The post The No. 1 Reason Why So Many Homebuyers Are Unable To Become Homeowners appeared first on Real Estate News & Insights | realtor.com®.
Communities of color are more likely to experience discrimination in nearly every step of their homebuying journey.
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Hispanic buyers are eager to own their own homes, but they’re running up against some big challenges, according to a recent report.
The post Why Hispanic Buyers Are Struggling To Become Homeowners appeared first on Real Estate News & Insights | realtor.com®.
Guaranteed Rate’s Language Access Program (LAP) aims to connect more meaningfully with Spanish-speaking customers. Industry veteran Arlyn J. Kalinski will lead the initiative.
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In today’s tough housing market, many Hispanic homebuyers are chasing affordability farther into the suburbs and lower-cost states where they can be closer to family and friends.
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The median household wealth for U.S. Latinos is set to triple by 2024 — largely due to recent real estate gains. This information comes from data released by NAHREP®.
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The American dream of homeownership is not an equal opportunity ambition. Blacks and Hispanics are more likely to be denied mortgages or get pricier loans.
The post ‘How Can We Catch Up?’ Mortgage Denials Stack the Deck Against Black and Hispanic Buyers appeared first on Real Estate News & Insights | realtor.com®.