October 20, 2021
Real Estate

Latino real estate investments are increasing at high rate

The median household wealth for U.S. Latinos is set to triple by 2024 — largely due to recent real estate gains. This information comes from data released by the National Association of Hispanic Real Estate Professionals (NAHREP®) at the Latino-driven business conference L’ATTITUDE on Oct. 1. Despite the overall hit that Latino wealth took during the COVID-19 pandemic, Latinos are meeting the goals of the Hispanic Wealth Project (HWP). Between 2013 and 2019, the median wealth increased from $15,150 to $36,050.

Commenting on the trends, Gary Acosta, the NAHREP® CEO and co-founder, said, “Latinos continue to lead entrepreneurial starts, labor force participation and homeownership growth, outpacing that of other segments of the population.” Currently, the rate of Latino homeownership sits at 48%: well on the way to reaching the five-year 50% goal. Residential…

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