My blog is brief today because I am working with the NAHREP research team to complete the annual State of Hispanic Homeownership Report. The report provides an overview on how Hispanics are faring in terms of homeownership, and reviews various metrics to predict what is likely to happen in the near future. For NAHREP, it is our benchmark report and also serves as a report card for the effectiveness of our work. The good news is that the Hispanic homeownership rate increased for the fifth consecutive year; the only ethnic demographic to have achieved this milestone during the same period. This year’s report will cover more detail about local markets, specifically, where Hispanics are buying homes and the areas where the greatest opportunities exist for future growth. I don’t want to give too much away, but I can tell you that the state of Texas plays a prominent role.
When the government tries to tackle a specific issue with a policy, it often causes new variations of the problem to emerge in different areas. In other words, "any action has an equal and opposite reaction." When taxes and regulations are reduced, as is expected in 2025, two things tend to happen: those at the bottom economically have it tougher because there are fewer safety nets and protections. Those at the top make a killing.
Realtors help families navigate the largest and most intimidating financial transaction of their lifetime. They serve as guides, counselors, cheerleaders, and protectors. Many of them remain friends of their clients for life. America is at its best when its citizens are stakeholders.
In less than four years, DEI went from being a widely accepted bipartisan solution for America’s precarious wealth and income gaps to the root cause of every failure known to man.