Tag: generational wealth
-
The Struggle Continues: Deed Equity Means Closing the Racial Wealth Gap
The African-American and Hispanic homeownership rate has generally been below 50%. Now, there’s a group on a mission to include the “have nots” in the U.S. population of deed holders. It’s taking down hurdles to homeownership, like the need to amass money for down payments. The Homeownership Council of America has debuted Equity DPA, a…
-
Hispanics Will Be the Majority of New Homeowners by 2040. Can the Market Meet Their Needs?
This year’s trend study from CoreLogic® shows a steady rise in mortgage lending in mainly Hispanic neighborhoods. Hispanic buyers tend to be younger and less affluent than other buyers across the board. Many are coming into real estate as first-time buyers. They’re motivated. Many will opt for FHA loans if conventional loans are out of…
