American Dream: Hispanic Home Buyers on the Rise

American Dream: Hispanic Home Buyers on the Rise

Marcelle Sussman Fischler writes in a Forbes (6/1, 929K) piece, "Using data on the race/ethnicity of first time and repeat home buyers from the National Association of Realtor's annual 'Profile of Buyers and Sellers,' on its blog Movoto.com noted that whites accounted for about 85 percent of home purchases." In 2011, the remaining "15 percent of buyers included six percent Black/African-Americans, six percent Hispanic/Latino home buyers and four percent Asians or Pacific Islanders, with other ethnicities/races comprising up to two percent." Yet, "among first time buyers, Movoto.com reported, Hispanics are enthusiastically angling for the American dream of a home to call their own." Projections indicate Hispanics would comprise 50% of first-time buyers by 2020.