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Hispanic households grow, accounting for more than half of new homeowners

Since 2000, Hispanic households have increased by 6.7 million, representing 42.5 percent of the nation’s overall household growth, a trend only expected to accelerate. Latinos are expected to make up 52 percent of new homebuyers between 2010 and 2030,

Because the only thing worse than a market with collapsing valuations is a market with no valuations and no liquidity. Beginning a decade ago, America underwent a full-scale housing crisis. Mortgage payments weren’t being met. Thousands of homes. Back in 2000, the dot-com bubble burst destroyed $6.2 trillion in household wealth.

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CoreLogic: Nearly 1 million houses float back into positive equity THINGS TO CONSIDER WHEN SELLING YOUR HOUSE – table of contents 1 5 reasons to sell now 20 5 demands to make on your real estate agent 15 5 reasons you shouldn’t for sale by owner (fsbo) 4 home equity: you may have more than you think 19 fsbo’s must be ready to negotiate 17 even fannie mae agrees: hire a pro to sell 12 home prices over the last year 18 two things you don’t need to hear from your listing agent

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More business statistics from the inaugural 2014 Annual Survey of Entrepreneurs, which provides statistics for employer businesses only, show that among the nation’s nearly 300,000 Hispanic-owned firms with paid employees, more than half were located in one of three states: California (66,487), Florida (59,987) or Texas (49,722).

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Recent Trends in Wealth-Holding by Race and Ethnicity: Evidence from the Survey of Consumer Finances. White homeowners hold more home equity, but housing accounts for only 32 percent of their total assets, compared with 37 to 39 percent for black and Hispanic homeowners.

New data from the National Association of Hispanic Real Estate professionals revealed that Hispanics make up more than 60% of the growth in the homeownership rate across the nation, over the past 10 years.

During 2017, more than 167,000 Latinos became homeowners, significantly contributing to the country’s economy. However, doubts around immigration issues make their future in the real estate market.

More than half the new homeowners will be Hispanic. Less than 7 percent will be white. The gap between Hispanics’ and African Americans’ homeownership rates will grow. African Americans were hit hardest in the housing crisis and will see a large decline in their homeownership rates regardless of economic growth.

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