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Study: Hispanics fueling real estate recovery

PHOENIX -- A National Association of Hispanic Real Estate Professionals study found that Hispanic home ownership jumped by almost 60 percent nationally from 2000 to 2012.

In that same time span, the population of non-Hispanic U.S. homeowners only increased 0.7 percent.

"It's increasing, the power of buying," said Martha Navarro, a realtor with Home Smart in Phoenix. "Not only housing, but everything in general."

Navarro said for many in the Hispanic community, owning a home is the first step in the American dream.

"They believe that buying a home is the pathway to get at family wealth."

There were 9 million Hispanic households in the U.S. in 2000. Last year, that number was at 15.5 million.

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About the Author


Position: Senior News Reporter. Started with KTAR July 4, 1999.

Favorite spots in Arizona: Pinetop-Lakeside, Alpine, Greer.

Have covered some of the biggest stories in Arizona including nine of the top 10 largest wildfires in state history. The Wallow Fire in 2011 became the largest fire in state history. Rodeo-Chediski Fire in June 2002, which is the second largest fire in Arizona. Covered the Yarnell Hill Tragedy in June 2013 that left 19 Granite Mountain Hotshots dead.

Favorite movies: True Grit, both 1969 John Wayne classic and the remake with Jeff Bridges and Lonesome Dove.

Sports Teams: Washington State University Cougars, Texas Longhorns, The University of Montana Grizzlies.

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