Hispanic women are taking charge when it comes to purchasing a home, according to a Better Homes & Gardens Real Estate and National Association of Hispanic Real Estate Professionals report.
In a nationwide study of 1,000 Latin-American women between the ages of 25 and 60, about 91% of those who responded said buying a home is the best investment that a family can make,
The Hispanic population is expected to be a driver of growth in the real estate market in the near future, Better Homes and NAHREP said. A majority of the Hispanic population has never owned a home, but a majority plans to buy a home in their lifetime, likely within the next three years, in part because of the importance placed on homeownership by Hispanic women.
"Latina women in particular are a driving force behind decisions related not only to the home, but the actual home-buying transaction process," Sherry Chris, chief executive of Better Homes & Gardens Real Estate, said in a news release.
In other findings, about 59% of survey respondents expect Hispanic women will play a larger role in researching homes to visit, researching communities, deciding which home to purchase and researching the finance options.
