Revising credit-scoring models is key to boosting minority homeownership, industry expert says

Over the past year, the Hispanic-homeownership rate posted the largest increase in a decade, jumping 2.2 percentage points, to 46.7 percent, according to a report from the National Association of Hispanic Real Estate Professionals (NAHREP). Joseph Nery, who took over as NAHREP’s president this past week, spoke with Scotsman Guide News about the importance of…

Joseph Nery Installed as 2016 NAHREP President

The National Association of Hispanic Real Estate Professionals (NAHREP) closed out its 2016 Housing Policy & Hispanic Lending Conference with the installation of Joseph Nery as 2016 president. Nery was installed at NAHREP’s presidential gala where Congressman, Luis V. Gutierrez gave keynote remarks commending NAHREP for its work as one the premiere Hispanic business organizations in the…

Report: Hispanic homeownership spikes in 2015 as demographic is ‘ready to own’

Dive Brief: A joint report by the Hispanic Wealth Project and the National Association of Hispanic Real Estate Professionals found that the 2015 U.S. Hispanic homeownership rate saw its biggest full-year increase in more than 10 years — 44.5% to 46.7% — according to HousingWire. Since 2000, Hispanic homeownership has risen to 7 million, a gain of 2.8 million, while the…

Hispanic Home Ownership Spiked in 2015

A new analysis of the rate of home ownership among Latinos in 2015 reported strong growth, with the overall rate improving from 44.5% to 46.7%, the largest one-year increase in more than a decade and the first time that Hispanic home ownership increased since 2009. The analysis, State of Hispanic Homeownership Report (download here, with…

Homeownership for Hispanics on the Rise, Despite National Stall

The Hispanic Wealth Project, in collaboration with the National Association of Hispanic Real Estate Professionals (NAHREP) reported Tuesday in their State of Hispanic Homeownership Report that Hispanics have attained measurable homeownership gains for the fifth consecutive year. Despite the mostly stagnant homeownership report, the number of Hispanic buyers entering the market has continued to grow over the last five…