{"id":511727,"date":"2021-07-12T08:04:58","date_gmt":"2021-07-12T12:04:58","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-survey-finds-hispanic-homeowners-more-likely-to-receive-financial-help-buying-a-home\/"},"modified":"2021-07-12T08:04:58","modified_gmt":"2021-07-12T12:04:58","slug":"redfin-survey-finds-hispanic-homeowners-more-likely-to-receive-financial-help-buying-a-home","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-survey-finds-hispanic-homeowners-more-likely-to-receive-financial-help-buying-a-home\/","title":{"rendered":"Redfin Survey Finds Hispanic Homeowners More Likely to Receive Financial Help Buying a Home"},"content":{"rendered":"<div class=\"xn-newslines\">\n<h2 class=\"xn-hedline\">More than half of Hispanic homeowners have lived with family without paying rent to help make housing payments, versus 38% of white homeowners.<\/h2>\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">SEATTLE<\/span>, <span class=\"xn-chron\">July 12, 2021<\/span> \/PRNewswire\/ &#8212;\u00a0(NASDAQ: RDFN) \u2014Hispanic homeowners in the U.S. are more likely than people of other races or ethnicities to receive financial help making their housing payments, according to a new <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3223189-1&amp;h=1094535746&amp;u=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fsurvey-hispanic-homeowners-financial-support-family&amp;a=report\" rel=\"nofollow noopener\">report<\/a><\/u> from Redfin (<u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3223189-1&amp;h=361376623&amp;u=https%3A%2F%2Fwww.redfin.com%2F&amp;a=redfin.com\" rel=\"nofollow noopener\">redfin.com<\/a><\/u>), the technology-powered real estate brokerage. They&#8217;re also more likely to have adult relatives live in their home. <\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/624025\/Redfin_Logo.html\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/624025\/Redfin_Logo.jpg\" title=\"Redfin Logo (PRNewsfoto\/Redfin)\" alt=\"Redfin Logo (PRNewsfoto\/Redfin)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>That familial support helps explain why the Hispanic homeownership rate has steadily risen over the last six years, with 50.1% of Hispanic or Latino Americans owning their home in 2020, up from 45.4% in 2014. The Hispanic homeownership rate has increased faster than the rate for white or Black Americans over the same time period. <\/p>\n<p>Fifty-two percent of Hispanic homeowners have lived with family or friends without paying rent to save for housing costs, versus 39% of Black respondents and 38% of white respondents. Additionally, Hispanic respondents are more likely than respondents of other races to have received direct help making rent or mortgage payments from parents and other family members. <\/p>\n<p>That&#8217;s according to a Redfin survey of homeowners fielded during the first week of June. The survey had more than 1,500 respondents: 385 identified themselves as Hispanic, 238 identified themselves as Black and 499 identified themselves as white. <\/p>\n<p>Meanwhile, 47% of Hispanic homeowners have adult relatives living in their home, compared with 39% of Black homeowners and 27% of white homeowners. <\/p>\n<p>&#8220;Hispanic people in the U.S., especially those who are undocumented, tend to have less access to credit and higher debt compared to other racial or ethnic groups, making them more dependent on support from family to buy a home,&#8221; said <span class=\"xn-person\">Sebastian Sandoval-Olascoaga<\/span>, an economist at Redfin. &#8220;With those limitations, support from family and social networks&#8211;such as living with family or friends without paying rent&#8211;allows Hispanic people to save money for a down payment or monthly mortgage costs. That ability to rely on family is one of multiple reasons why the Hispanic homeownership rate is steadily rising.&#8221;<\/p>\n<p>\n        <b>Hispanic homeowners most likely to have made financial sacrifices to buy a home<\/b>\n      <\/p>\n<p>Hispanic homeowners are also more likely than people of other races to have made financial sacrifices to afford their first home. Forty-four percent of Hispanic homeowners worked longer hours, 39% took an extra job and 38% drove an older car. <\/p>\n<p>&#8220;For many Hispanic Americans, making social or personal sacrifices is a necessity if they want to buy a home,&#8221; Sandoval-Olascoaga said. &#8220;That&#8217;s especially true this year, as Hispanic people were more likely than people of other races to lose their jobs due to the pandemic. Plus, undocumented immigrants are unable to access financial help from the government and may have to rely on family, adding to the need for Hispanic families to make economic sacrifices.&#8221;<\/p>\n<p>Just 10% of Hispanic homeowners reported making <i>no <\/i>sacrifices to buy their first home, versus 23% of white homeowners. <\/p>\n<p>To view the full report, including charts and methodology, please visit: <br \/><u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3223189-1&amp;h=1288449057&amp;u=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fsurvey-hispanic-homeowners-financial-support-family&amp;a=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fsurvey-hispanic-homeowners-financial-support-family\" rel=\"nofollow noopener\">https:\/\/www.redfin.com\/news\/survey-hispanic-homeowners-financial-support-family<\/a><\/u><\/p>\n<p>\n        <b>About Redfin<br \/><\/b>Redfin (<u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3223189-1&amp;h=1081972243&amp;u=https%3A%2F%2Fwww.redfin.com%2F&amp;a=www.redfin.com\" rel=\"nofollow noopener\">www.redfin.com<\/a><\/u>) is a technology-powered real estate broker, instant home-buyer (iBuyer), lender, title insurer, and renovations company. We sell homes for more money and charge half the fee. We also run the country&#8217;s #1 real-estate brokerage site. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can take an instant cash offer from Redfin or have our renovations crew fix up their home to sell for top dollar. Since launching in 2006, we&#8217;ve saved customers more than <span class=\"xn-money\">$1 billion<\/span> in commissions. We serve more than 95 markets across the U.S. and <span class=\"xn-location\">Canada<\/span> and employ over 4,100 people. <\/p>\n<p>For more information or to contact a local Redfin real estate agent, visit <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3223189-1&amp;h=1081972243&amp;u=https%3A%2F%2Fwww.redfin.com%2F&amp;a=www.redfin.com\" rel=\"nofollow noopener\">www.redfin.com<\/a><\/u>. To learn about housing market trends and download data, visit the <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3223189-1&amp;h=3437790331&amp;u=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fdata-center%2F&amp;a=Redfin+Data+Center\" rel=\"nofollow noopener\">Redfin Data Center<\/a><\/u>. To be added to Redfin&#8217;s press release distribution list, email <u><a target=\"_blank\" href=\"mailto:press@redfin.com\" rel=\"nofollow noopener\">press@redfin.com<\/a><\/u>. To view Redfin&#8217;s press center, <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3223189-1&amp;h=566516300&amp;u=http%3A%2F%2Fpress.redfin.com%2Fphoenix.zhtml%3Fc%3D252734%26p%3Dirol-overview&amp;a=click+here\" rel=\"nofollow noopener\">click here<\/a><\/u>.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=SF38319&amp;sd=2021-07-12\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/redfin-survey-finds-hispanic-homeowners-more-likely-to-receive-financial-help-buying-a-home-301331094.html\">https:\/\/www.prnewswire.com\/news-releases\/redfin-survey-finds-hispanic-homeowners-more-likely-to-receive-financial-help-buying-a-home-301331094.html<\/a><\/p>\n<p>SOURCE  Redfin<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=SF38319&amp;Transmission_Id=202107120800PR_NEWS_USPR_____SF38319&amp;DateId=20210712\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>More than half of Hispanic homeowners have lived with family without paying rent to help make housing payments, versus 38% of white homeowners. PR Newswire SEATTLE, July 12, 2021 \/PRNewswire\/ &#8212;\u00a0(NASDAQ: RDFN) \u2014Hispanic homeowners in the U.S. are more likely than people of other races or ethnicities to receive financial help making their housing payments, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. They&#8217;re also more likely to have adult relatives live in their home. That familial support helps explain why the Hispanic homeownership rate has steadily risen over the last six years, with 50.1% of Hispanic or Latino Americans owning their home in 2020, up from 45.4% in 2014. The Hispanic homeownership rate has &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-survey-finds-hispanic-homeowners-more-likely-to-receive-financial-help-buying-a-home\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Redfin Survey Finds Hispanic Homeowners More Likely to Receive Financial Help Buying a Home&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-511727","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Redfin Survey Finds Hispanic Homeowners More Likely to Receive Financial Help Buying a Home - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-survey-finds-hispanic-homeowners-more-likely-to-receive-financial-help-buying-a-home\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Redfin Survey Finds Hispanic Homeowners More Likely to Receive Financial Help Buying a Home - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"More than half of Hispanic homeowners have lived with family without paying rent to help make housing payments, versus 38% of white homeowners. PR Newswire SEATTLE, July 12, 2021 \/PRNewswire\/ &#8212;\u00a0(NASDAQ: RDFN) \u2014Hispanic homeowners in the U.S. are more likely than people of other races or ethnicities to receive financial help making their housing payments, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. They&#8217;re also more likely to have adult relatives live in their home. That familial support helps explain why the Hispanic homeownership rate has steadily risen over the last six years, with 50.1% of Hispanic or Latino Americans owning their home in 2020, up from 45.4% in 2014. The Hispanic homeownership rate has &hellip; Continue reading &quot;Redfin Survey Finds Hispanic Homeowners More Likely to Receive Financial Help Buying a Home&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-survey-finds-hispanic-homeowners-more-likely-to-receive-financial-help-buying-a-home\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-12T12:04:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/624025\/Redfin_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/redfin-survey-finds-hispanic-homeowners-more-likely-to-receive-financial-help-buying-a-home\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/redfin-survey-finds-hispanic-homeowners-more-likely-to-receive-financial-help-buying-a-home\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Redfin Survey Finds Hispanic Homeowners More Likely to Receive Financial Help Buying a Home\",\"datePublished\":\"2021-07-12T12:04:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/redfin-survey-finds-hispanic-homeowners-more-likely-to-receive-financial-help-buying-a-home\\\/\"},\"wordCount\":686,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/redfin-survey-finds-hispanic-homeowners-more-likely-to-receive-financial-help-buying-a-home\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/624025\\\/Redfin_Logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/redfin-survey-finds-hispanic-homeowners-more-likely-to-receive-financial-help-buying-a-home\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/redfin-survey-finds-hispanic-homeowners-more-likely-to-receive-financial-help-buying-a-home\\\/\",\"name\":\"Redfin Survey Finds Hispanic Homeowners More Likely to Receive Financial Help Buying a Home - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-survey-finds-hispanic-homeowners-more-likely-to-receive-financial-help-buying-a-home\/","og_locale":"en_US","og_type":"article","og_title":"Redfin Survey Finds Hispanic Homeowners More Likely to Receive Financial Help Buying a Home - Market Newsdesk","og_description":"More than half of Hispanic homeowners have lived with family without paying rent to help make housing payments, versus 38% of white homeowners. PR Newswire SEATTLE, July 12, 2021 \/PRNewswire\/ &#8212;\u00a0(NASDAQ: RDFN) \u2014Hispanic homeowners in the U.S. are more likely than people of other races or ethnicities to receive financial help making their housing payments, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. They&#8217;re also more likely to have adult relatives live in their home. That familial support helps explain why the Hispanic homeownership rate has steadily risen over the last six years, with 50.1% of Hispanic or Latino Americans owning their home in 2020, up from 45.4% in 2014. The Hispanic homeownership rate has &hellip; Continue reading \"Redfin Survey Finds Hispanic Homeowners More Likely to Receive Financial Help Buying a Home\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-survey-finds-hispanic-homeowners-more-likely-to-receive-financial-help-buying-a-home\/","og_site_name":"Market Newsdesk","article_published_time":"2021-07-12T12:04:58+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/624025\/Redfin_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-survey-finds-hispanic-homeowners-more-likely-to-receive-financial-help-buying-a-home\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-survey-finds-hispanic-homeowners-more-likely-to-receive-financial-help-buying-a-home\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Redfin Survey Finds Hispanic Homeowners More Likely to Receive Financial Help Buying a Home","datePublished":"2021-07-12T12:04:58+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-survey-finds-hispanic-homeowners-more-likely-to-receive-financial-help-buying-a-home\/"},"wordCount":686,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-survey-finds-hispanic-homeowners-more-likely-to-receive-financial-help-buying-a-home\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/624025\/Redfin_Logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-survey-finds-hispanic-homeowners-more-likely-to-receive-financial-help-buying-a-home\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-survey-finds-hispanic-homeowners-more-likely-to-receive-financial-help-buying-a-home\/","name":"Redfin Survey Finds Hispanic Homeowners More Likely to Receive Financial Help Buying a Home - 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