Black, Hispanic/Latino and ethnically mixed communities were hardest hit by the housing crisis during the mid-late 2000s, a terrible situation that was made worse by the phenomenon known as "white flight."
According to a new report, Latinos aspire to home ownership, but many lack the savings, down payment and/or credit to purchase a home. To a greater extent, home ownership eludes the U.S. Hispanic population.
U.S. Department of Housing and Urban Development Secretary Julián Castro defended the current housing safeguards but recognized the several difficulties in the housing market.
While the housing market continues to recover following the Great Recession, millennials are reportedly more cautious about purchasing a home and cite financial reasons. Young adults between the ages of 18 and 34 said finances are the "single biggest obstacle" preventing them from becoming homeowners.
Consumer confidence reached new heights in June with levels not seen since January 2008. According to the Consumer Board, via MarketWatch, consumer confidence hit 85.2 percent in June, which is the highest percentage since lows during the early recession six years ago.
Minorities have more difficulty finding housing opportunities due to racial discrimination, according to a new study from the U.S. Department of Housing and Urban Development.
According to a new study, the passage of immigration reform in Washington would add about three million new homeowners to the real estate market and spearhead a recovery for the ailing housing sector.
