Source: Scotsman Guide —
Over 600,000 Latinos bought a home using a mortgage in 2020, an increase of 13% from the previous year.
That’s according to the 2020 State of Hispanic Homeownership Report, released this week by the National Association of Hispanic Real Estate Professionals (NAHREP). The growth in buyers helped push the Hispanic homeownership rate to an estimated 48-49% in 2020, up from 47.5% in 2019.
It’s the sixth straight year that the Hispanic homeownership rate has risen, with Latinos the only demographic in the country to grow their share of homeowners each of the past six years. NAHREP now estimates that there were some 8,880,000 Hispanic owner households in America in 2020, up roughly 725,000 units annually.