New Homeowners Will Be Latino

New Homeowners Will Be Latino


New Homeowners Will Be Latino

According to a report by the Hispanic Wealth Project, between 2010 and 2020, Hispanics accounted for 35.9% of household formation growth in the U.S. It also shows that between 2020 and 2040, it’s expected that about 70% of new homeowners will be Latino.

That’s why Charter Title & Escrow has launched a new Hispanic division to cater to Spanish-speaking customers, realtors, and loan officers in Nebraska — a move the company says it’s been wanting to do for some time.

New Homeowners Will Be Latino

Back in 2016, we wrote Hispanics Fastest-Growing Group in Nebraska.

Nebraska has a rapidly growing minority population comprised increasingly of persons of Hispanic/Latino origin. Hispanics fastest-growing group in Nebraska. The Hispanic/Latino population increased from 36,969 in 1990 to 94,425 in 2000, to 167,405 in 2010. These numbers represent a 352.8% increase of the Hispanic population in the state between 1990 and 2010, a 155.4% increase between 1990 and 2000, and a 77.3% increase between 2000 and 2010, says DHHS Nebraska.

  • In 1990, the population of Nebraska was 1,578,385. Of that number, the Hispanic population accounted for 2.3%.
  • In 2000, the population of Nebraska was 1,711,263, and the Hispanic population accounted for 5.5%.
  • In 2010, the population of Nebraska had risen to 1,826,341, and the Hispanic population accounted for 9.2% of Nebraska’s total population.

INMAN states, “Every other major population group saw a decrease in homeownership growth by nearly 1 percent between the fourth quarter of 2014 and the fourth quarter of 2015.

Who Are the Hispanics

Neil Terc at INMAN said, “The Hispanic community is a group of hard-working and law-abiding citizens looking for ways to live the American dream.”

  • Hispanics in the U.S. account for 40 percent of the household growth, and 672,000 Hispanic households rent and can buy a home
  • The Urban Institute projects that Hispanics will account for 55.5 percent of new homeowners alone in the next five years.

Charter Title & Escrow hopes to educate Latinos on the home buying process so more families can purchase homes and help celebrate those milestones in people’s lives.

Itzel Gonzale, a recent hire by Charter Title & Escrow who is fully bilingual and bicultural, said,  “To me, that’s what makes me the happiest. To let them know, we are so proud of you, you’re just buying your home, or you’re selling your home — you bought it. Now you’re selling it. You’re making a profit. You contributed to our economy, so those are big accomplishments because we, as immigrants, have to work extra hard because of the language barrier and the culture barrier. So all of that is an accomplishment. So we want to be there for them and let them know we’re here for you, and I can relate to you.”

Congratulations

Styl Properties, Inc. congratulates Charter Title & Escrow with this move to better service the Hispanic community.

FREE information on How to sell your house fast

Styl Properties, Inc. is here to help homeowners out of any distressed situation.  

As investors, we are in business to make a modest profit on any deal. However, we can help homeowners out of just about any situation, no matter what!  There are no fees, upfront costs, commissions, or anything else.  Instead, we offer the simple truth about your home and how we can help you sell it fast.

Give us a ring. We would love to help you understand the process and to answer all of your questions. You can reach us at 402 999.0577

Photo by Le Creuset on Unsplash

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