Hispanics are an important factor for the housing market recovery in the U.S., according to a report by the National Association of Hispanic Real Estate Professionals (NAHREP).
The "2012 State of the Hispanic Homeownership" report states that in 2012 Hispanics accounted for more than half of new homeowners.
The NAHREP says Hispanics have made progress in the labor sector, income level and education.
Because of this, Hispanics are ready to take the lead in the purchase of a home, generating a demand that would foster a sustained recovery of the housing market. However, the NAHREP also says that Hispanic buyers face two obstacles: the lack of homes to purchase, and government and corporate policies that tend to favor investors.
In 2012, almost half of homes valued at $250,000 or less were purchased by investors, including Wall Street firms, according to the report. READ MORE
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