Hispanic-owned homes are currently worth 11.9 percent less than homes owned by non-Hispanic white households, down from 12.1 percent last year and a recent high of 12.4 percent in December 2021. The gap was as wide as 18 percent in 2012, following the global financial crisis of 2007-2009, when many minority communities were hit especially hard, setting back progress by several years.
The narrowing of the gap can be attributed to affordability challenges in the market, which have significantly boosted demand in more affordable areas where many Hispanic homeowners reside. This has led to faster home appreciation, supported by stable or even improving credit conditions for many people.
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