Hispanic Home Ownership Skyrockets

The number of Latino home owners in this country increased 81 percent between 1995 and 2005, compared with a 19 percent gain among non-Hispanic buyers.
By: Rodney Tanaka: REALTOR® Magazine Online
The number of Latino home owners in this country vaulted a staggering 81 percent between 1995 and 2005, according to the National Association for Hispanic Real Estate Professionals Web site.

The site also reports the ownership rate among non-Hispanics buyers gained just 19 percent during the same 10-year period.

According to NAHREP, Latinos will account for 40 percent of all first-time home buyers during the next two decades. Hispanic surnames already account for eight of the top 10 home buyer surnames in California, based on 2005 research by the CALIFORNIA ASSOCIATION OF REALTORS®.