During 2017, more than 167,000 Latin people acquired housing, contributing enormously to the country economy and to the real estate sector. Nevertheless, there are serious reasons to worry about the future.
The role of the more than 51 million of Hispanics in the United States real estate market is more and more protagonist. On 2017, the amount of housing with owners of Hispanic origin reached 7,472,000, a historic number de according to the last report of the National Association of Hispanic Real Estate Agents and the National Wealth Hispanic Project, togetherwith the University of California in Los Angeles (UCLA). This figure means an increase of 167,000 housing in comparison to 2016, driven by the purchase of new properties in areas where Hispanic population grows quickly as Kansas, Iowa and Utah, also of the millennials that accessed to mortgage credits.
Today, a 46,2% of Hispanics are owners of their own home, returning to the levels registered in 2012 when the percentage reached a 46,1%.
As for the population which migratory status is not regularized, the report explains that a 31% of the more than 11,000,000 of undocumented is owner of its house and the President hostile measures could, in a large extent have great consequences in the industry. These Politics would drastically reduce the demand of housing from Hispanic, cause the loss of billions of dollars in taxes and would reduce the workforce that take part of the real estate market in the United States, composed mostly of Hispanic and undocumented.