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 ⇒
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