(386) 804-2457

HUD secretary: Hispanic home buyers are future of housing

Within six years, Hispanics will account for half of all first-time U.S. home buyers, the secretary of Housing and Urban Development told the Associated Press on Monday.

“Hispanics truly are the future” of the housing market, said Julian Castro, who based his prediction on a 2013 National Association of Hispanic Real Estate Professionals study, which said 40% of the 12 million new households that will form in the next decade will be Hispanic.

Housing sales, noted Castro, whose mother is Mexican-American, would benefit from an overhaul of federal immigration laws.

Full article here: http://www.constructiondive.com/news/hud-secretary-hispanic-home-buyers-are-future-of-housing/312136/

Company News