The Hispanic Potential Buying Power of 1.7 Trillion Dollars

The goal of every business is to make a profit and the real estate industry is no different. An often undermined market is the Hispanic and this article will help you uncover the potential within the Hispanic market that most overlook, which means millions of dollars for businesses looking to invest in this market.

Tap into the 1.7 Trillion Dollars Market
The U.S. houses an ever-growing Hispanic population resulting in an increase in potential purchasing power that is generally overlooked. Statistics from Pew Research Center, as at 2015, indicate that about 57 million Hispanic people live in the U.S.; that is 18 percent of the whole U.S. population, compared to 1980 when the percentage stood at a mere 6.5 percent. Additionally, the Census Bureau in 2014 predicted that the Hispanic population will double to about 119 million come 2060.
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Housing Starts at Lowest in More Than Two Years

According to a report by the U.S. Department of Commerce, the number of homes that were being built as of December 2018 was at its lowest level in the more than two years. The decrease in housing starts during this period indicates that developers are anticipating fewer new houses that will be sold this year. Building permits increased by just 0.3 percent, suggesting that growth in new housing will continue to be sluggish in the future.

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Corporate Diversity Bill Will Require Companies to Disclose Board Representation

Representative Gregory W. Meeks (D-N.Y.) has recently introduced the Improving Corporate Governance Through Diversity Act of 2019, which will require public companies to disclose the gender, race, ethnicity and veteran status of their board directors, nominees and senior executive officers, as a way to track the progress of diverse representation in the corporate sphere.

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Congress Introduces Bill to Reinstate Dodd-Frank Reform Measures

In 2018, Congress passed a bill that rolled back reform measures under the Dodd-Frank Wall Street Reform and Consumer Protection Act that required banks and credit unions to report loan characteristics. The measures required lenders to submit reports for 25 or more mortgages and 100 or more home equity loans made per year.

The bill raised the threshold significantly to 500 mortgages and 500 home equity loans per year, which resulted in 85 percent of banks and credit loans being exempted from reporting. This has sparked concern over fairness in lending as some minorities and women are still subject to loan discrimination.

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Women Leading the Way with Confidence

There are plenty woman-driven moments worth celebrating this year. From opportunities to highlight initiatives to advance in Olympic sports, corporate boardroom, red carpet Oscars, and Congress, women are leaving a stalwart trace of power, closing the year 2018 strong.

In Congress, women comprise an impressive record-setting number of 108 held seats in, about 20.2 percent of the 535 members.

With 49.6 percent of total world’s population of women, we continue to be the guiding force committed to shining a light on empowering female role models in an effort to inspire more women leaders.
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Leap-In: Inspiring Career Role Models for the Next Generation of Women Leaders

The revolution for women has been a long time coming—think since before the beginning of the written history of our civilizations.  As an ally in the space who is an advisory member of BRAVA Investments and a close friend of CEO and Founder Nathalie Molina Nino, I’ve become an even stronger champion for equality.  That being said, it’s amazing to me that gender equality has taken this long to become a constant subject of conversation given the number of fires lit towards it throughout the past 40 years alone.

My understanding of the issues women have faced changed after I finished Leapfrog: The New Revolution for Women Entrepreneurs.  Though this is not a book review, there are so many valuable features in this that should not only serve to strengthen women’s culture, but also illuminate how and why when women come together and bring with them the men who champion them that true changes are possible to our civil society.

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U.S. Metro Cities Investing the Most in New Housing

Increased demand for new housing in a specific geographic area can be an indicator of job growth and a prospering economy, while a halt in demand in new housing might signify an economic slowdown.  Using data from the U.S. Census Bureau Building Permit Survey, researchers from Construction Coverage identified the metropolitan areas in the nation that are investing the most funds in new housing.

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sheCENTER(FOLD) Quinn Palomino

Co-Founder and Partner, Virtua Partners

Quinn Palomino

Quinn Palomino is the Co-Founder and Principal of Virtua Partners, a fully-integrated, private equity and real estate services firm. In this intimate discussion with NAWRB, Quinn shares her incredible story as a first-generation Vietnamese immigrant, her experience growing up in a mix of both American and Vietnamese cultures, the words of wisdom she lives and works by, and more.


NAWRB: What was your childhood like growing up in Vietnam?

Palomino: My family evacuated Saigon, Vietnam on April 30, 1975 after the Fall of Saigon and the end of the Vietnam War. The image that many people may recall is of helicopters leaving from the rooftops of the U.S. Embassy that day. Approximately 125,000 individuals like my family evacuated and many of us were allowed entrance into the US as refugees. My family was sent to Fort Chaffee in Arkansas and provided refugee housing in the barracks at Fort Chaffee as part of the what the U.S. military called “Operation New Life.” And it was exactly that for my family and I, an opportunity at a “New Life.” We later settled in Orange County, California in a little suburb called Mission Viejo.
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Deadliest Fires in California 2018: Resources for Financial Recovery

After dealing with numerous deadly fires earlier this year, California is currently dealing with three major wildfires, including the Camp Fire in Butte County, the Woosley Fire in Los Angeles County and the Hill Fire in Ventura County. California Governor-elect Gavin Newsom recently issued emergency proclamations in response to the wildfires and requested statewide FEMA Emergency Declaration. While Cal Fire firefighters still work hard to contain these fires and affected homeowners plan their next steps, it is important to know about the available resources for financial and physical damage recovery.

While we still await updates, these California fires are being named the deadliest in the state’s history. At time of writing, the number of deaths from the Camp Fire in Northern California has risen to 63 while over 600 people remain missing. According to recent updates by Cal Fire, the Camp Fire has burned approximately 142,000 acres, causing over 40,000 residents to abandon their homes and find safety. The Woosley Fire has burned more than 98,000 acres and numerous homes, and the Hill Fire in Ventura County has burned over 4,000 acres, including RVs and outbuildings. While the Hill Fire is fully contained, the Camp Fire is 45 percent contained and the Woolsey Fire is 69 percent contained.
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