Markets & Economy

National Association of Hispanic Real Estate Professionals backs Julian Castro to lead HUD

NAHREP: Latinos dominate among new homebuyers but remain underserved

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The National Association of Hispanic Real Estate Professionals has endorsed San Antonio Mayor Julian Castro's nomination to be head of the U.S. Department of Housing and Urban Development. President Obama tapped Castro last week to succeed Shaun Donovan as secretary of housing. Donovan's been picked to head up the White House budget office. Julian Castro NAHREP, a nonprofit trade group devoted to increasing homeownership among Latinos and supporting the real estate professionals who serve them, has more than 21,000 members nationwide. The group called for Castro's prompt confirmation in the U.S. Senate. “Latinos are the primary drivers among new homebuyers but remain an underserved segment of the housing industry,” said Gary Acosta, co-founder and CEO of NAHREP, in a statement. “Having a HUD secretary that comes from the community and who clearly understands the importance of the Latino market is significant." Hispanics have powered more than half of the growth...