Addressing Hispanic Homeownership

first_imgHome / Daily Dose / Addressing Hispanic Homeownership Subscribe The Best Markets For Residential Property Investors 2 days ago Addressing Hispanic Homeownership Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Market Studies, News Share Save Tagged with: Hispanic Homeownership Sales The Best Markets For Residential Property Investors 2 days ago About Author: Seth Welborn Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. August 14, 2019 973 Views Sign up for DS News Daily Hispanic Homeownership Sales 2019-08-14 Seth Welborn Previous: The Cost of Household Renovations Next: Gen Z Home Loans Catching Up Data Provider Black Knight to Acquire Top of Mind 2 days ago Hispanic homeownership is lagging behind non-Hispanic white homeownership, according to a study from the Urban Institute. Urban Institute states that the gap is highest in the Northeast and smallest in the Southwest, however, Hispanic populations are smallest in the Northeast.For example, New York City has the second-highest number of Hispanic households—almost 1.5 million—but they represent only 21% of total households. The Hispanic homeownership gap is notably larger in the Northeast than in other regions of the country.In Utah, for example, Latinos make up 14.2% of the state’s population, according to 2018 U.S. Census Bureau data. That number is believed to be increasing in 2019. The Daily Herald reports that in Utah County, and across the state of Utah, Latino populations are not spread evenly across the state. Abraham Hernandez, Executive Director of Centro Hispano in Provo, Utah, states that Utah Latinos have been spreading out.“Latinos are moving further down south in the county and going up really north in the county to Eagle Mountain,” Hernandez said on The Daily Herald. “We’re seeing a huge bloom of Latino populations in Eagle Mountain, to the point where we’ve actually had people request our services up there.”“They’re weighing their options — do I buy a house, pay a little bit more, but at least I own my house, or do I pay a lot of rent, and maybe it’s not kid-friendly, maybe it’s not enough bedrooms,” Hernandez said. “Particularly when you look at how Latino families are multigenerational homes. You have grandma living there, you have your parents, and obviously the kids, so they need a bigger space.”Two cities in the U.S. have closed the gap: Texas cities Laredo and El Paso. These cities are both majority-minority cities: 77.7% of El Paso’s households and 93.9% of Laredo’s households are Hispanic. Notably, they are also both situated on the US-Mexico border and, as such, are communities with sizeable immigrant populations. In each city, roughly a quarter of the population is foreign-born.The Hispanic population is expected to make up more than half of all net new households in the United States over the next 25 years, and Urban notes that some changes must be made to the financing industry to address the needs of these buyers. Hispanic people on average use more cash than credit when making purchases. A lack of credit history precludes those who might otherwise be mortgage-ready from qualifying for a loan. Related Articles  Print This Postlast_img read more

UltraPlay signs deals with Betinvest and Golden Race

first_img Submit GG.Bet scores ESL Counter-Strike & Dota 2 global partnerships July 15, 2020 BetInvest: The benefits of separating esports betting markets August 7, 2020 Share Winning Post: UK racing must put its best foot forward … July 20, 2020 Related Articles Share StumbleUpon Esports betting supplier UltraPlay has announced that it has signed deals with both Betinvest and Golden Race.UltraPlay CEO Dariy Margaritov commented: “With the company’s core ambition to offer a wide variety of winning products to its customers, UltraPlay has successfully started another fruitful partnership with two of the best sports product providers Betinvest and Golden Race.” Betinvest’s VP of Business Development Valentin Kyrylenko added: “As a globally renowned company for its sophisticated and diversified sports betting turnkey solutions, Betinvest is totally prepared to deliver next level of online gaming experience. UltraPlay is among the esports betting leaders which will further enhance its sports products with our business collaboration.”  Goldren Race has also entered UltraPlay’s partnership network with its well-known virtual sports products which include horse racing, greyhounds, and 3D virtual football. Golden Race CEO Martin Wachter stated: “Engaging the players 24/7 with matches and races in every 5 minutes, Golden Race will definitely enrich the virtual sports section of UltraPlay’s platform.”UltraPlay invested in a considerable booth at ICE earlier this month and it seems the decision is paying off with these two significant deals. Margaritov noted: “UltraPlay is determined to score top results for its online platform while partnering with some of the best betting services and virtual sports providers. “What we have seen so far is the increased demand and popularity of Golden Race and Betinvest solutions. Joining forces to deliver top notch products in the online gaming industry, we strongly believe in the positive outcome and expansion of our clients’ network while also making a further step ahead in the sports betting ecosystem.”last_img read more