NAHREP Leadership

NAHREP Leadership

Gary Acosta, Co-Founder & CEO, NAHREP Sara Rodriguez, 2020-2022 President, NAHREP

Luis Padilla, President-elect, NAHREP

Authors & Contributors

Noerena Lim?n, EVP, Public Policy & Industry Relations, NAHREP Jaimie Smeraski, Senior Policy Analyst, NAHREP

Christa Murillo, Research & Marketing Analyst, NAHREP Bryanna Ruiz, Public Policy Intern, NAHREP

Meghan Lucero, Senior Project Manager, NAHREP

Research Contributors

Freddie Mac National Association of Home Builders

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Design & Graphics

Lead Designer: Shelby Buska, Jr. Graphic Designer, NAHREP Andrea "Nick" Munguia, Jr. Graphic Designer, NAHREP Tyler McElmurry, Jr. Graphic Designer, NAHREP

Thank You

Our deepest gratitude to all who contributed to the production of this report.

The National Association of Hispanic Real Estate Professionals? (NAHREP?) is a non-profit trade association founded in 1999. The association has a network of 40,000 real estate professionals and 100+ chapters that include real estate agents, brokers, mortgage professionals, and settlement service providers. NAHREP's mission is to advance sustainable Hispanic homeownership in America by educating and empowering real estate professionals who serve Hispanic homebuyers and sellers, advocating for policy that supports the organization's mission, and facilitating relationships between industry stakeholders and housing professionals. The State of Hispanic Homeownership Report is a publication of NAHREP? and the Hispanic Wealth ProjectTM.

CONTENTS

Executive Summary

pg. 8

The Case for Homeownership

pg. 9

1

Hispanic Homeownership Trends

pg. 10

2

Factors Impacting Hispanic Homeownership

pg. 14

3

The Latino Homebuyer Profile

pg. 20

4

Barriers and Opportunities to Homeownership

pg. 23

5

Insights from Top Real Estate Professionals

pg. 26

End Notes

pg. 30

NAHREP 2021 Policy Priorities

pg. 34

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BACKGROUND

The 2020 State of Hispanic Homeownership Report? is in its eleventh year of publication, a product of both the National Association of Hispanic Real Estate Professionals? (NAHREP?) and the Hispanic Wealth ProjectTM. The report coalesces data and research across a broad cross-section within and outside of the housing industry. It serves to evaluate how the U.S. Latinoa population is faring in terms of homeownership acquisition and to review the primary opportunities and barriers to future homeownership growth.

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aFor clarification, the terms "Hispanic" and "Latino" are used interchangeably throughout this document to refer to people of Mexican, Puerto Rican, Cuban, Central American, South American, Dominican, and Spanish descent, as well as descent from other Spanish-speaking countries. *NAHREP estimates range based on Census homeownership trajectory over the past 10 years, internal real estate professional survey and HMDA data. ~Data reported by the U.S. Census Bureau in 2020 was likely overestimated due to methodological changes in data collection during the peak of the pandemic.

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