The National Association of Hispanic Real Estate Professionals (NAHREP) released The 2019 State of Hispanic Homeownership Report®, the tenth installment of their annual report, which synthesizes data and research of a broad cross-section within and outside of the housing industry. The purpose of the report is “to evaluate how the U.S. Hispanic population is faring in terms of homeownership acquisition and to review the primary opportunities and barriers to future homeownership growth,” the report states.
a Human Touch
The Perfect Balance
From September 15th to October 15th, National Hispanic Heritage Month celebrates the histories, stories, cultures and contributions of American citizens whose ancestors came from Mexico, Central and South America, Spain and the Caribbean. The observance began in September 1968 as Hispanic Heritage Week and was expanded into a month in 1989.
The U.S. Census Bureau reports that the poverty rate among the Hispanic population dropped to the lowest level recorded in 2017, at 18.3 percent. This decline is not only the largest year-to-year drop among all demographic groups—1.1 percentage points from 2016—but also the lowest poverty estimate for Hispanics since they were first reported in 1972.
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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The Pew Research Center reports that the college enrollment rate of Hispanics continues to rise and their dropout rate has fallen to a new low. Analyzing Census Bureau data, Pew found that in 2016, the Hispanic high school dropout rate decreased to 10 percent from 16 percent just five years earlier; and Hispanic high school graduates’ enrollment in college reached 47 percent in 2016, a marked increase from 32 percent in 1999.
July 18, 2017 – The National Association of Women in Real Estate Businesses (NAWRB) is proud to announce our signing of a memorandum of understanding (MOU) with the California Hispanic Chambers of Commerce (CHCC). The MOU signing took place during the Power Lunch: Women’s Trade Associations, Collaboration for the Future at the 2017 4th Annual NAWRB Nexus Conference in Costa Mesa,CA.
In recognition of the Hispanic-American community’s significance to the future of the United States, the Small Business Administration (SBA), alongside the White House, is hosting the 2016 Hispanic-American Entrepreneurship Summit! The Summit will showcase the contributions of Hispanic entrepreneurs and increase discussions centered on strategies to bolster and capitalize on the potential of Hispanic Americans.
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A recent study released by Better Homes and Gardens Real Estate and The National Association of Hispanic Real Estate Professionals (NAHREP) reveals that Hispanic women are the epicenter of their demographics’ home buying power. The national survey, which collected data from over 1,000 Latin American and Hispanic women between the ages of 25 and 60, addressed their thoughts and expectations when buying a home. Continue reading →