4
AFFORDABLE QUALITY HOUSING
• 88% OF HISPANICS AGREED THAT OWNING A HOME IS THE BEST INVESTMENT PLAN AND THEY ARE BETTER OFF OWNING AS OPPOSED TO RENTING. • 77% OF HISPANICS AGREE THAT THEY ARE BETTER OFF OWNING AS OPPOSED TO RENTING TO IMPROVE THEIR OVERALL FINANCIAL OUTLOOK. • 80% OF HISPANICS AGREE THAT OWNING A HOME WILL HELP THEM ACHIEVE A GOAL OF BUILDING WEALTH. • 52% OF HISPANICS SURVEYED BELIEVE THAT BUYING A HOME IS A SAFE INVESTMENT WITH A LOT OF POTENTIAL. — 2018 Fannie Mae National Housing Survey
TOP THREE OBSTACLES WHY SOME HISPANICS CANNOT GET A MORTGAGE Top 3 Obstacles to Getting Mortgage
Top Three Obstacle Some Hispanics Cannot Get a Mortgage
35%
31%
30%
30%
29%
25%
25%
24% 17%
20% 15% 10% 5% 0% INSUFFICIENT CREDIT SCORE OR CREDIT HISTORY
AFFORDING THE DOWN PAYMENT OR CLOSING COSTS
HISPANIC
INSUFFICIENT INCOME FOR MONTHLY PAYMENTS
GENERAL POPULATION
The National Assn. of Hispanic Real Estate Professionals, 2018 State of Hispanic Homeownership Report nahrep.org/downloads/2018-state-of-hispanic-homeownership-report.pdf
DATO S
A Z
2 0 1 9
The National Assn. of Hispanic Real Estate Professionals, 2018 State of Hispanic Homeownership Report https://nahrep.org/downloads/2018-state-of-hispanic-homeownership-report.pdf
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T H E S T AT E O F A R I Z O N A’ S H I S P A N I C M A R K E T