A majority of Hispanic Americans now own a home, a milestone that was reached in part thanks to demographics and income growth.
The ownership rate among the group rose 4 percentage points in ten years to top 50%, according to a report by the National Association of Realtors. It means almost 3 million more Hispanics owned a home in 2021 than in 2011.
The rate for Hispanics remains well below the national average of 65.5% — and that of White Americans, at 72.7%. Owning a home is a major factor of building wealth over a lifetime. Lower ownership rates among minorities, who often face racial disparities in the mortgage market, has been source of widening inequalities for generations in the country.
