More U.S. Latinos are considering home ownership as the cost of renting soars across the nation, according to a renter survey conducted by the banking institution TD Bank. In fact, the new report says within the next two years, Latinos are nine percent more likely than the general market to purchase a home (42 percent compared to 31 percent).
According to new research, 91 percent of Hispanic women, deemed "the New Power Buyer," believe that purchasing a home is the best financial investment that a person can make, and they're making strides toward acquiring their desired homes.
National Association of Hispanic Real Estate Professionals' Hispanic Wealth Project has received the support of an American multinational financial institution, which posseses a $125 billion lending goal, helping to increase the number of Hispanic home mortgage consultants, support financial education and counseling, and triple Hispanic household wealth over 10 years.
The Hispanic Federation and the New York Urban League have joined forces to introduce a new public education campaign, "¡Mi Primera Casa!" or "My First Home!," to increase multicultural access to home ownership.
Salt Lake City is an epicenter for urban opportunity, business growth, entrepreneurial development and affordable living. The most populous city in the state of Utah, Salt Lake City also has a budding Hispanic/Latino population that shares a symbiotic relationship with the city.
According to a new report, Latinos aspire to home ownership, but many lack the savings, down payment and/or credit to purchase a home. To a greater extent, home ownership eludes the U.S. Hispanic population.
"SOS: Salva Mi Casa" (Save My House), a new Spanish-language how-to series will provides tips and instruction on home décor and overhaul to the U.S. Latino population.
There are approximately 3.2 million Hispanic-owned businesses, which gross an estimated $468 billion in revenue, according to a study from Geoscape. With those numbers, owning a business appears to be a very attractive option, but there are high risks associated with owning a business if one does not plan well.
