HIGHLIGHTS
FROM THE NATIONAL ASSOCIATION OF HISPANIC REAL ESTATE PROFESSIONALS (NAHREP) Hispanics are more likely to improve and spend additional money enhancing their homes after purchasing them. Hispanic-owned households increased by 725,000 between 2019 and 2020. Since 2000, Latinos have accounted for 17.3% of net housing contributions to GDP growth Seventy percent of new homeowners will be Latino between 2020-2040. The Phoenix-Mesa-Scottsdale area ranks in the top 20 markets with the most mortgage-ready Hispanic millennials. nahrep.org/downloads/2020-state-of-hispanic-homeownership-report.pdf
FROM ARIZONA STATE UNIVERSITY Twenty-two percent of Latinos spend more than 30% of their income on rent or mortgage compared to only 16% of white, non-Latinos that spend more than 30% of their income on rent or mortgage. morrisoninstitute.asu.edu/sites/default/files/one_crisis_away.pdf
FROM THE NEW AMERICAN ECONOMY Hispanic workers accounted for 13% of all U.S. healthcare workers during 2018. research.newamericaneconomy.org/report/hispanic-americans-in-healthcare-and-in-essential-roles/
FROM CALIFORNIA LUTHERAN UNIVERSITY AND UCLA If Hispanics were their own economy, they would be the 8th largest economy in the world. blogs.callutheran.edu/cerf/files/2021/09/Arizona_ExecSummary_.pdf
FROM PEW RESEARCH CENTER The U.S. will have no racial or ethnic majority by 2055. www.pewhispanic.org/2015/09/28/modern-immigration-wave-brings-59-million-to-u-s-driving-population-growth-and-change-through-2065/
FROM THE INSTITUTE OF EDUCATION SCIENCES (IES) United States Hispanics have the highest percentage of children enrolled in school. nces.ed.gov/programs/digest/d18/tables/dt18_103.10.asp
ARIZONA 2021
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THE STATE OF ARIZONA’S HISPANIC MARKET
