La presidenta de la Asociación de Profesionales Hispanos en Bienes Raíces (NAHREP, por sus siglas en inglés), Teresa Palacios Smith, dijo que espera incrementar el número de latinos dueños de casa como parte de un plan de diez años para triplicar la riqueza de esa comunidad. “El primer paso es aumentar en un 50 por…
The U.S. Hispanic community increased the number of homes its members owned in 2014, although the increased slowed down with respect to earlier years, according to the State of Hispanic Homeownership Report published on Monday. “Hispanics achieved modest gains in net new owner households this past year. However, the number of net homeownership gains for…
by Jacob Passy The National Association of Hispanic Real Estate Professionals has issued an industrywide call to improve access to affordable housing. Chief among NAHREP’s many goals is to pressure Fannie Mae and Freddie Mac to renew their efforts toward affordable housing, namely remove barriers for low-income Latinos, according to a press release the San…
by Jacob Passy The rate of Hispanic homeownership fell in 2014 to its lowest level since 1999, according to data released by the National Association of Hispanic Real Estate Professionals. NAHREP’s State of Hispanic Homeownership Report found that the only 45.4% of Hispanics owned a home in 2014, despite a net increase of 54,000 Hispanic-owner…
by Samantha Guzman The Hispanic homeownership rate has dropped to its lowest level seen since 1999 primarily due to tight mortgage credit and higher financing costs, according to the National Association of Hispanic Real Estate Professionals (NAHREP). According to summary info from the 2014 State of Hispanic Homeownership report, the Latino homeownership rate dropped from…
Marisa Calderon, chief of staff and deputy executive director of the National Association of Hispanic Real Estate Professionals (NAHREP) and Pamela Valenciano, incoming president of North County San Diego NAHREP appear as special guests on ESPN 1700 AM Radio on Lunch n’ Learn hosted by Eran Sinai. Ms. Calderon takes a direct role in the…
by David Morrison The National Association of Hispanic Real Estate Professionals blamed more stringent underwriting standards and higher mortgage fees for driving down the numbers of Hispanics who own homes. The group’s State of Hispanic Homeownership Report surveyed 100 leading Hispanic Realtors in the U.S. and asked them what most stands in the way of…
by Phil Hall On Feb. 24, Dr. Anthony B. Sanders, Distinguished Professor of Real Estate Finance at George Mason University in Fairfax, Va., used his Confounded Interest blog to point out a disturbing data trend that clouded the economic numbers at the tail-end of 2014. “The good news … if you already own a home…
Growth potential among immigrants is substantial By Maria Patterson Gary Acosta has an ambitious goal for his organization–one he has no doubt will be achieved. “NAHREP established a goal to double the number of Hispanics in real estate and mortgage lending over the next 10 years,” explains Acosta, co-founder and CEO of the National Association…
Growth potential among immigrants is substantial by Kristin Messerli With the recent announcement of President Obama’s Executive Order on immigration reform, responses from both sides of the political spectrum have been mixed. However, the reform can be expected to spur new opportunities for growth in the housing market. Last Thursday, President Obama made the heavily…