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

Hispanics are the nation’s largest ethnic minority and have accounted for more than half of total U.S. population growth since 2000, according to the report. Household composition: With an average 3.7 persons per household, Hispanic households tend to be larger than the U.S. average of three. A higher percentage are also multigenerational.

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the variation in household formations could be due to the fact that half of Hispanics reside in high cost states where rents have increased substantially and inventory available for sale is at decade low numbers causing a delay in the forming of new households. Three Factors That Negatively Affected Hispanic Homeownership in 2017 In 2017, the U.

Homeowner Bill of Rights signed into law California Homeowner Survivor Bill of Rights Signed Into Law – California Gov. Jerry Brown has signed SB 1150, the Homeowner Survivor Bill of Rights (SBOR) with the new law scheduled to go into effect in January.. SB 1150 is designed to protect the rights of surviving homeowners that owns a residential property but was not listed on a mortgage where the borrower has passed away.

more than one-third (34 percent) earn more than $60,000 annually. Also, Hispanic households have relatively less formal education compared with non-Hispanic households. Almost one-half of Hispanic heads of household (46 percent) have less than a high school education and only one-third have some education beyond high school.

The Economic State of the Latino Community in America More than 55 million people of Hispanic or Latino ethnicity live in the United States, comprising 17 percent of the country’s total population.1 Hispanics are the nation’s largest ethnic group and their share of the U.S. population is expected to grow.

workers, who make up more than half of the region’s workforce, bear the greatest burden of all. Racial minorities face the steepest crisis of housing unaffordability. Miami’s housing affordability crisis hits black and Hispanic households hardest. African-American homeowners have, on average, less than

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In 2018, Hispanics added 362,000 homeowners to the U.S. housing market, boosting the Hispanic homeownership rate to 47.1%, according to the report. This is a 9% increase from the previous year. Fannie Mae’s 2018 annual housing survey also confirmed that the demand in homeownership for Hispanic Americans continues to grow.

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Fed Beige Book: Economic activity expanded in March, housing results mixed The Federal Reserve released the latest Beige Book on Wednesday which contained the following summation of U.S. economic activity [emphasis. "somewhat weaker;" housing is declining or "holding.