*Why you should read this: Because Latinos continue to drive the housing market, but you won’t hear it in mainstream news. Because it tells a larger story about Latinos investing in a U.S. transformative permanence. VL
By Kelsey Ramírez, Housing Wire (3 minute read)Hispanics from all over the U.S. gathered in the nation’s capital for the National Association of Hispanic Real Estate Professionals Housing Policy and Hispanic Lending Conference.
At the opening session, Industry professionals filled every seat in the room. Speakers took the stage, welcoming the industry and throwing out remarks such as “Latino time is now a tiempo” as the crowd erupted in laughter.
Don’t understand what that means, or why it’s funny? You just made your first mistake.[pullquote]Understanding Hispanic culture will be the key to which lenders and servicers are successful.[/pullquote]
The share of Hispanics in the housing market continues to grow . . .
. . . and will only continue to rise in the years to come. Understanding Hispanic culture will be the key to which lenders and servicers are successful with this booming demographic.
Hispanic homeownership is the driving force of U.S. homeownership growth, according to a report released at the conference Tuesday by NAHREP.
The Hispanic homeownership rate accounted for 74.9% of the net growth in overall U.S. homeownership.AJC]