Latin Homeownership Rate is Fastest Growing in the U.S.

According to Zillow research, Latinos are buying homes are a higher rate than the overall U.S. population, beginning to close a gap between the Hispanic and white homeownership rate that has tripled since the start of last century. Affordability and racial inequity combined to compound a disparity throughout the past 12 decades. The typical Latino household in the U.S. earns 75.7% of the typical white household income, and the typical Latin household wealth is only 12.2% of the typical white household wealth. That means Latino households carry a far greater share (64.7% vs. 38.1%) of their wealth in their home, which made those families harder hit when home values nosedived during the Great Recession.