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Affordability, Credit Access, and Regulations Prompt Calls for Urgent Policy Action

SAN DIEGO, March 24, 2025 /PRNewswire-PRWeb/ -- In 2024, Hispanic homeownership reached a record high, with 9.8 million Hispanic households now owning their homes. In the most recent year, Hispanic households saw a net gain of 238,000 new homeowners, marking the largest increase among any racial or ethnic demographic for the second consecutive year. However, despite this milestone, the Hispanic homeownership rate declined for the first time in a decade. Although more Hispanic households own homes today than ever before, the rate of Hispanic household formations is outpacing homeownership growth by a ratio of three to one.

The (NAHREP®), the nation's largest Latino business organization, released its . The report provides data-driven insights into Latino homebuying trends, including what obstacles they face and what solutions are needed to sustain homeownership growth.

"Latinos are ready to buy, but you can't buy what's not for sale," said NAHREP Co-Founder & CEO Gary Acosta. "Tight inventory, record high prices, and new regulations worsening affordability are making it even tougher for first-time buyers to compete. However, Latinos aren't backing down—homeownership remains at the heart of the American Dream. That's why NAHREP is advocating for policies that ensure more families have the opportunity to achieve it."

Home prices have increased by 5 percent over the past year and 47 percent since before the COVID-19 pandemic began. Skyrocketing home prices are pushing aspiring homebuyers out of expensive markets and into more affordable regions of the country. Texas has dominated all other states for the third year in a row, welcoming 128,900 new Hispanic residents. Additionally, buyers are increasingly moving to markets beyond the usual Latino hotspots. Newcomers in cities like St. Louis, Pittsburgh, and Wichita are discovering more affordable housing options and vibrant communities where homeownership is attainable.

The report emphasizes the urgent need for focused action on affordability, credit access, and industry regulations. On Wednesday, March 26th, over 400 NAHREP members will engage in meetings with their elected representatives to discuss the following issues:

• Housing Affordability - Expanding affordable housing supply through tax incentives and zoning reform.
• Access to Credit - Modernizing underwriting standards and embracing alternative credit scoring models.
• Industry Best Practices - Addressing unintended consequences of broker commission rule changes.
• Macroeconomic Issues - Advocating for a more substantial construction workforce, including immigration reform.

"This report not only reflects on the past but also offers a glimpse into the future," Acosta added. "Hispanics are driving growth in the workforce, household formations, and new business creation in the country. The data indicates that the growth of Hispanic homeownership will be limited only by the industry's ability to meet demand."

Visit to download and read the full 2024 State of Hispanic Homeownership Report. This year's edition features cover art by Joseph "Sentrock" Perez, whose work captures the resilience and determination of Hispanic buyers navigating today's challenges.

For media inquiries or to schedule an interview, contact [email protected].

About NAHREP:
The (NAHREP®), a nonprofit 501(c)(6) trade association, is dedicated to advancing sustainable homeownership for the Hispanic community in America. NAHREP has a network of over 58,000 real estate professionals and 100 local chapters nationwide. It hosts several national events per year and publishes multiple industry cornerstone reports and multimedia content annually. Join us in advocating for policies that grow sustainable Latino homeownership; read our .

About the Cover Art:
The 2024 State of Hispanic Homeownership Report cover art was created by , a Mexican-American artist celebrated for his vibrant storytelling through urban street art. His artwork embodies the determination, resilience, and quest for homeownership that characterize the Hispanic housing market. The imagery of breaking chains, soaring birds, and connected communities symbolizes both the challenges and triumphs that Latino buyers face on their journey to homeownership.

Media Contact

NAHREP Press, NAHREP, 6197194801, [email protected],  

SOURCE NAHREP