Report: Hispanic Homeownership Spikes In 2015 As Demographic Is ‘Ready To Own’

Dive Brief: A joint report by the Hispanic Wealth Project and the National Association of Hispanic Real Estate Professionals found that the 2015 U.S. Hispanic homeownership rate saw its biggest full-year increase in more than 10 years — 44.5% to 46.7% — according to HousingWire. Since 2000, Hispanic homeownership has risen to 7 million, a gain of 2.8 million, while the…

Hispanic Home Ownership Spiked In 2015

A new analysis of the rate of home ownership among Latinos in 2015 reported strong growth, with the overall rate improving from 44.5% to 46.7%, the largest one-year increase in more than a decade and the first time that Hispanic home ownership increased since 2009. The analysis, State of Hispanic Homeownership Report (download here, with…

Homeownership For Hispanics On The Rise, Despite National Stall

The Hispanic Wealth Project, in collaboration with the National Association of Hispanic Real Estate Professionals (NAHREP) reported Tuesday in their State of Hispanic Homeownership Report that Hispanics have attained measurable homeownership gains for the fifth consecutive year. Despite the mostly stagnant homeownership report, the number of Hispanic buyers entering the market has continued to grow over the last five…

Hispanic Homeownership On The Rise

‘Largest one-year spike in more than a decade’ For the first time since 2009, the Hispanic homeownership rate and the number of owned Hispanic households increased, while overall homeownership rates in the U.S. decreased for the 12th time, according to data from the State of Hispanic Homeownership Report put out by the Hispanic Wealth Project and…

Wells Fargo rolls out $125B lending goal for Hispanic households

Wells Fargo Home Mortgage (WFC) aims to originate $125 billion over the next 10 years in order to assist in theNational Association of Hispanic Real Estate Professionals’ Hispanic Wealth Project, which seeks to triple Hispanic household wealth over the next decade. The lender also set a goal to give $10 million to support a variety of…

Wells Fargo sets $125 billion home-lending goal to Hispanics

Wells Fargo said Tuesday that it wants to extend $125 billion in home mortgages to America’s Hispanic community over the next 10 years. The San Francisco-based bank also said it plans to boost the number of Hispanics working with customers in its mortgage unit. Such multibillion-dollar lending pledges, which first emerged in the 1990s to…