Hispanic homeownership rate increases for second consecutive year

By Marian McPherson | inman

In December, Trulia released its first post-election survey results that uncovered Americans’ waning belief in homeownership as the cornerstone of “The American Dream.” The number of Americans who said becoming homeowners was a goal dropped 3 percentage points to 72 percent — the first time that’s happened in the past five years of Trulia’s survey-taking.

That’s not terribly surprising — the National Association of Realtors has consistently lamented over the 50-year homeownership lows, warning that they could drop even lower due to the lack of affordable housing, tight inventory and other economic strains, such as student loans and low wages.

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