The value gap between white- and Hispanic-owned homes is slowly closing, seeing another significant decrease in the last two years. Hispanic-owned homes are now worth 11.9% less than homes owned by non-Hispanic white households. While any gap isn’t ideal, this is the narrowest it’s ever been, and down from a recent high of 12.4% in…
Bank of America is introducing a zero down payment, zero closing cost mortgage solution for first-time buyers geared towards underserved communities. The Community Affordable Loan Solution will roll out in designated markets, including certain Black and Hispanic/Latino neighborhoods in Charlotte, Dallas, Detroit, LA, and Miami. It is a Special Purpose Credit Program that operates off…
New data from the Census Bureau confirms that Hispanic households continue to make significant gains despite the challenges they face in the hot housing market. The National Association of Hispanic Real Estate Professionals (NAHREP) released a statement celebrating the finding of the U.S. Census Bureau’s Current Population Survey/Housing Vacancy Survey. The survey found that Hispanic…
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