NAHREP: Institutional investor activity taking outsized toll on Hispanic homebuyers
Inventory shortage cut growth of Hispanic owner households by 74 percent in 2013 Hispanics have powered more than half of the growth in homeownership in recent years, but a severe shortage of for-sale homes exacerbated by a flood of institutional investors significantly constrained Hispanics’ contribution to homeownership growth in 2013, according to the National Association…