General World News

For many Hispanics, homeownership built on family support

Hispanic homeowners are more likely to have adult relatives currently living with them — and are more likely to have lived with relatives themselves, prior to buying their home.

Per a recent Redfin study of 1,500 homeowners, 52% of current Hispanic homeowners have at some point lived with family or friends without paying rent to save money for future housing costs — against only 39% of Black homeowners and 38% of white homeowners.

(Of the 1,500 respondents, 385 identified themselves as Hispanic, 238 identified themselves as Black and 499 identified themselves as white.) 

This money-saving tactic has details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com