Minorities were hardest hit by the foreclosure crisis of the Great Recession. Latinos are now helping keep the housing market afloat.
"Hispanics are experiencing the largest homeownership gains of any ethnic group in the U.S., a turnaround for the population hardest hit by the housing bust that could help buoy the market for years," report Laura Kusisto and Ben Eisen.
"While Hispanics comprise only 18% of the U.S. population, the group accounted for nearly 63% of new U.S. homeowner gains over the past decade," according to the article, which is sharing data from the National Association of Hispanic Real Estate Professionals.
The narrative built from these findings speak to a "growing population of young Latinos increasingly eager to buy homes." The optimism and growing buying power of Latinos is working to offset the effects of a slowing homebuying market. According to Kusisto and Eisen, "sales of existing homes have fallen on an annual basis for the past year."
The effect of Latinos entering in the market is fairly widespread around the country. According to the article, "Hispanic home buying stretched from towns in southern California to rural Texas and suburban Minneapolis." Of all the states in the nation, the largest share of Latinos homeowners with mortgages live in New Mexico.
FULL STORY: Wave of Hispanic Buyers Boosts U.S. Housing Market [paywall]
HOAs Fight Back Against Institutional Investors
A growing number of homeowners associations around the country are using old legal tools to keep institutional investors from buying up, and renting out, the neighborhood.
Inequality Grows in Western Zoom Towns
As demand for housing grows, small Western towns are experiencing skyrocketing housing costs and rising displacement.
Fast-Rising Rents: Cause or Effect of Institutional Real Estate Investors?
More media attention for the growing influence of large, institutional investors on the housing market.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Chicago’s Ghost Rails
Just beneath the surface of the modern city lie the remnants of its expansive early 20th-century streetcar system.
Amtrak Cutting Jobs, Funding to High-Speed Rail
The agency plans to cut 10 percent of its workforce and has confirmed it will not fund new high-speed rail projects.
Ohio Forces Data Centers to Prepay for Power
Utilities are calling on states to hold data center operators responsible for new energy demands to prevent leaving consumers on the hook for their bills.
MARTA CEO Steps Down Amid Citizenship Concerns
MARTA’s board announced Thursday that its chief, who is from Canada, is resigning due to questions about his immigration status.
Silicon Valley ‘Bike Superhighway’ Awarded $14M State Grant
A Caltrans grant brings the 10-mile Central Bikeway project connecting Santa Clara and East San Jose closer to fruition.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Caltrans
City of Fort Worth
Mpact (founded as Rail~Volution)
City of Camden Redevelopment Agency
City of Astoria
City of Portland
City of Laramie