Berkshire Hathaway HomeServices Georgia Properties recently announced that Teresa Palacios Smith, current Vice President of Business Development for the company, was installed tonight as the new President of The National Association of Hispanic Real Estate Professionals (NAHREP). The gala event was held at the esteemed Fairmont Hotel in Washington, D.C. Among the distinguished guests were Dan Forsman, president and CEO, Berkshire Hathaway HomeServices Georgia Properties; Kathy Connelly, Senior Vice President, Corporate Services and Gino Blefari, CEO HSF Affiliates which is the franchise organization for Berkshire Hathaway HomeServices.

“We are very proud of Teresa Palacios Smith and I am personally honored to be asked to make her formal introduction,” says Dan Forsman, president & CEO of Berkshire Hathaway HomeServices Georgia Properties. “Teresa has been a loyal and invaluable member of the Berkshire Hathaway HomeServices Georgia Properties team for over 20 years. With passion and commitment, she has made significant contributions to the corporate services division and our entire company. I can assure you that the NAHREP is in good hands with Teresa at the helm.”

Teresa Palacios Smith has been an active member and currently serves on the board of the Metro Atlanta Relocation Council (MARC). She was a founding member of the Georgia Hispanic Chamber of Commerce and was recognized in 2007 as Member of the Year. In 2014, Teresa was honored as a NAHREP Women of Influence in Real Estate. In 2015, she was featured in Allan Dalton’s new book, Creating Real Estate Connections.

The Hispanic community will represent a major segment of the homeownership market in the coming years. The newly released 2014 NAHREP State of Hispanic Homeownership Reports states that 320,000 new Hispanic households were formed in the United States representing 40 percentof total U.S. household growth. Hispanics are expected to account for 7 million of the 17 million new households formed between 2010 and 2025. Georgia had the fourth largest growth with 103,000 new Latino residents. A recent Wall Street Journal report shows that Hispanics are the fastest growing segment in both first time buyers and in the luxury market. NAHREP reports that the impact to the U.S. economy by higher income Latinos will represent $680 million by 2016.

The NAHREP is the Voice for Hispanic Real EstateĀ® and proud champions of homeownership for the Hispanic community. The NAHREP role as trusted advisors and passionate advocates is to help more Hispanic families achieve the American Dream of Homeownership.