There is a lot to celebrate in the housing market, particularly for Hispanic households.
Hispanic (Latino) homeowership has soared to its highest level in history, surpassing even the peak of the housing bubble in 2005-2007. The primary driver of the record Hispanic homeownership rates is soaring Hispanic wage growth YoY.
Black homeownership rates have also soared in 2020.
It is indeed a better world when minorities can share in the American Dream of homeownership and rising earnings.