June 26, 2021
IMPORTING THE SUPERIOR AMERICANS:
The future of home ownership is Latino (Janet Alvarez, 6/26/21, CNBC)
Blanket amnesty will drive the rates even higher.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.
Posted by Orrin Judd at June 26, 2021 10:24 AM
