The Hispanic Federation and the New York Urban League have joined forces to introduce a new public education campaign, "¡Mi Primera Casa!" or "My First Home!," to increase multicultural access to home ownership.
Economic recovery has been on the horizon for some time now: full-time employment is up, unemployment is down, and wages have corrected following the recession to meet the needs of young adults in the labor market. Nonetheless, millennials continue to take up residency with their parents, according to a recent Pew report. This is particularly true for many young Hispanics, who are "unbanked" or "underbanked."
The thriving U.S. Hispanic population is earning more and gaining influences amid the mainstream, but home ownership for the community has dipped. Could this be due to cultural spending habits and an aversion to acquiring credit?
Hispanic homebuyers are ready to move the housing market, according to a new report. More than half of Hispanic homebuyers are comfortable with making a down payment of 20 percent or more on an affordable new home. Additionally, most Hispanics plan to buy their first home within the next five years.
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.
