4 Stats Showing the Continued Growth of U.S. Hispanic Homeownership
Hispanics have helped fuel growth of the home market in the United States over the past two decades and their numbers continue to look strong
The Zing! Blog by Quicken Loans recently published this post highlighting information from The National Association of Hispanic Real Estate Professionals’ Annual Housing Policy and Hispanic Lending Conference.
The posts provides some general information about the Hispanic population in the United States today, Hispanic homeownership across the country, some of the major concerns U.S. Hispanics have about buying a home, and how real estate professionals can better help support Hispanic customers moving forward.
Here are five key stats on U.S. Hispanic homeownership noted in the Quicken Loans post:
- 46.2% of U.S. Hispanics owned a home in 2017 (up from 46% the previous year)
- In 2017, U.S. Hispanics formed 265,000 new households—accounting for 28.6% of total household growth across the country
- U.S. Hispanic homeowners have accounted for 46.5% of overall homeownership growth since 2000
- At an average household size of 3.25, Hispanics have the largest household size of any racial or ethnic group in the U.S.
- Hispanics are the only racial or ethnic group that’s homeownership rate has increased for three consecutive years
Read the full post on Hispanic homeownership on the Zing! Blog