What’s holding back Hispanic homeownership?

Report highlights gap between demographic's homeownership goals, ability to fund home purchase

A nonprofit think tank that studies shifts in consumer demand said that in 2007, the Hispanic homeownership rate peaked at nearly 50 percent, but it has been in decline ever since. Nearly 4 million Hispanics would like to purchase a home the next time they move, but only 1.5 million are financially prepared to do so, according to the report, “Hispanics & Home Ownership: Closing the Gap.”