Study Indicates Rise In Hispanic Home Ownership

Study Indicates Rise In Hispanic Home Ownership - Yahoo! News: "Study Indicates Rise In Hispanic Home Ownership Thu May 11, 8:37 PM ET


While the overall housing market continues to slow, one success story continues to flourish -- the housing boom for Hispanic homebuyers.
ADVERTISEMENT

After years of renting, Priscilla Saavedra and her husband, Vicente, took the plunge in mid-April, buying a two-bedroom townhouse in San Marcos.
'We're starting to build a family, nice to be finally home,' said Priscilla Saavedra.
Saavedra is not alone.
Across the country, the number of Hispanic homebuyers is climbing dramatically, especially if you look at the name game.
An analysis of public records by San Diego-based DataQuick reveals the top 10 most common homebuyer names in 2005.
On this list appear four Hispanic names, double the amount of 5 years ago.
Included on the list are: Rodriguez, Garcia, Hernandez, and Gonzalez.
The story in California is even more revealing, where the five most common surnames are Hispanic.
Almost 28 percent of all homebuyers in the state are Hispanic, according to a 2005 study."