Hispanic Homeownership Rate Continues Rising Despite Setbacks

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 homeownership rates rose to 48.4% in 2021, up by 657,000 households since 2019. Of the total, a net 1,025,000 were new households, which account for 27% of household formation growth in the last two years. Additionally, Hispanics added 1,025,000 net new households, accounting for 27% of household formation growth over the last two years. However, potential Hispanic homeowners face many challenges. Latino homeowners trailed the…