{"id":835426,"date":"2025-04-09T08:21:28","date_gmt":"2025-04-09T12:21:28","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-reports-hispanic-home-values-top-2-trillion-but-growth-lags-behind-other-groups-as-sun-belt-housing-markets-soften\/"},"modified":"2025-04-09T08:21:28","modified_gmt":"2025-04-09T12:21:28","slug":"redfin-reports-hispanic-home-values-top-2-trillion-but-growth-lags-behind-other-groups-as-sun-belt-housing-markets-soften","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-reports-hispanic-home-values-top-2-trillion-but-growth-lags-behind-other-groups-as-sun-belt-housing-markets-soften\/","title":{"rendered":"Redfin Reports Hispanic Home Values Top $2 Trillion, But Growth Lags Behind Other Groups as Sun Belt Housing Markets Soften"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Redfin Reports Hispanic Home Values Top $2 Trillion, But Growth Lags Behind Other Groups as Sun Belt Housing Markets Soften<\/b><\/p>\n<p class=\"bwalignc\"><i>Home values are growing slower in Hispanic neighborhoods because many are located in the Sun Belt, where prices have stalled due to an increase in supply<\/i><\/p>\n<p>SEATTLE&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\n(NASDAQ: RDFN) \u2014The total value of homes in majority-Hispanic neighborhoods rose 4.2% year over year to $2 trillion in 2024, according to a new <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fhome-values-race-2025&amp;esheet=54235815&amp;newsitemid=20250409483071&amp;lan=en-US&amp;anchor=report&amp;index=1&amp;md5=0fe2556a7ae34fe977969abc752a98d6\">report<\/a> from Redfin (redfin.com), the technology-powered real estate brokerage. Neighborhoods in which a majority of homeowners are Black, Asian or white\u2014or where there is no racial majority\u2014all saw total home values grow faster.\n<\/p>\n<p>\nThe total value of homes in majority-white neighborhoods grew fastest in 2024, rising 5.4% to $40.4 trillion. The growth rate was essentially the same in majority-Black and majority-Asian neighborhoods: They experienced a 5.3% increase to $1.5 trillion, and 5.2% increase to $1.4 trillion, respectively. The total value of homes in mixed neighborhoods grew 4.7% to $2.4 trillion.\n<\/p>\n<p>\nHome values are growing slower in Hispanic neighborhoods because many are located in the Sun Belt, especially Texas and Florida. In those states, home prices have <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fhome-price-index-february-2025%2F&amp;esheet=54235815&amp;newsitemid=20250409483071&amp;lan=en-US&amp;anchor=stalled&amp;index=2&amp;md5=73aec74561c390b0aba35fe892e3e43c\">stalled<\/a> over the past year, due to an increase in supply following the pandemic-driven building boom.\n<\/p>\n<p>\nIn comparison, home prices are growing fastest in the Northeast and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fhome-prices-rise-midwest-2025%2F&amp;esheet=54235815&amp;newsitemid=20250409483071&amp;lan=en-US&amp;anchor=Midwest&amp;index=3&amp;md5=c7abcfdbf50dcb232262e9429e7f415c\">Midwest<\/a>\u2014areas where majority-white neighborhoods are more prevalent.\n<\/p>\n<p>\nStill, the total value of homes in Hispanic neighborhoods is growing, and at a pace not far behind that of other neighborhood types. But slower growth in home values\u2014or even declining home values, in certain areas\u2014can have an outsized impact for Hispanic families.\n<\/p>\n<p>\nRedfin Economic Research Lead Chen Zhao said that&#8217;s because a larger share of Hispanic households&#8217; net worth tends to be tied to real estate.\n<\/p>\n<p>\nReal estate makes up 61.6% of Hispanic households\u2019 net worth, compared to just 27.4% for white households. Real estate makes up 44.1% of Black households\u2019 net worth and 39.5% of \u201cother\u201d households (a group which includes Asian households).\n<\/p>\n<p>\n\u201cHispanic homeowners have experienced higher highs and lower lows during the real estate market\u2019s wild ups and downs over the past 20 years,\u201d Zhao said. \u201cHispanic home values fell furthest following the global financial crisis in 2008 and they rose the most at the peak of the pandemic homebuying spree in 2021. With a higher share of their net worth tied to real estate, market fluctuations matter more to Hispanic families and can impact how much they can afford to spend or borrow. It also means that when Hispanic home values grow slower, or fall, the wealth gap between white and Hispanic families increases.\u201d\n<\/p>\n<p><b>The average value of individual homes in Hispanic neighborhoods also grew slowest in 2024<\/b><\/p>\n<p>\nThe average value of individual homes in Hispanic neighborhoods rose 3.4% to $395,000\u2014again slowest among the five groups in this analysis.\n<\/p>\n<p>\nLike aggregate home values, the slower growth for average home values is attributable to softening Sun Belt markets where a large number of majority-Hispanic neighborhoods are located.\n<\/p>\n<p>\nAt the other end of the spectrum, the average home value in majority-Asian neighborhoods nationwide grew 4.8% to $1.13 million\u2014fastest among the five groups. The significantly higher values can be partly attributed to location: Many Asian neighborhoods are located in high-priced West Coast metros, including Los Angeles and San Francisco.\n<\/p>\n<p>\nThe average value of homes in majority-Black neighborhoods\u2014which, along with white neighborhoods, are generally more geographically dispersed\u2014grew 4.7% year over year to $276,000. Black neighborhoods were the only group analyzed that saw an improved year-over-year growth figure in 2024 (after posting a 4.5% annual increase in 2023).\n<\/p>\n<p>\nThe average value of homes in majority-white neighborhoods grew 4.7% to $511,000 last year, while homes in mixed neighborhoods grew 3.8% to an average value of $559,000.\n<\/p>\n<p>\nThis is based on an analysis of Redfin home-value data (from December 31, 2024) in census tracts where more than 50% of owner-occupied homes were owned by Black, Hispanic, Asian or white homeowners. Where no race owned more than 50% of the homes, the area was defined as \u201cmixed.\u201d\n<\/p>\n<p>\nTo view the full report, including charts and additional methodology, please visit:<br \/>\n<br \/><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fhome-values-race-2025&amp;esheet=54235815&amp;newsitemid=20250409483071&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fhome-values-race-2025&amp;index=4&amp;md5=1b6b1c33c06863cb13188e0f682b7b75\">https:\/\/www.redfin.com\/news\/home-values-race-2025<\/a><\/p>\n<p><b>About Redfin<\/b><\/p>\n<p>\nRedfin (<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.redfin.com%2F&amp;esheet=54235815&amp;newsitemid=20250409483071&amp;lan=en-US&amp;anchor=www.redfin.com&amp;index=5&amp;md5=df394363b6f31cdafda2bcfa22467928\">www.redfin.com<\/a>) is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, and title insurance services. We run the country&#8217;s #1 real estate brokerage site. Our customers can save thousands in fees while working with a top agent. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we&#8217;ve saved customers more than $1.8 billion in commissions. We serve approximately 100 markets across the U.S. and Canada and employ over 4,000 people.\n<\/p>\n<p>\nRedfin&#8217;s subsidiaries and affiliated brands include: Bay Equity Home Loans\u00ae, Rent.\u2122, Apartment Guide\u00ae, Title Forward\u00ae and WalkScore\u00ae.\n<\/p>\n<p>\nFor more information or to contact a local Redfin real estate agent, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.redfin.com%2F&amp;esheet=54235815&amp;newsitemid=20250409483071&amp;lan=en-US&amp;anchor=www.redfin.com&amp;index=6&amp;md5=e0d3f4a8d8f6509e45f9c463a291f14f\">www.redfin.com<\/a>. To learn about housing market trends and download data, visit the <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fdata-center%2F&amp;esheet=54235815&amp;newsitemid=20250409483071&amp;lan=en-US&amp;anchor=Redfin+Data+Center&amp;index=7&amp;md5=74d5b0f3f61b6e4e408f84c277e673e2\">Redfin Data Center<\/a>. To be added to Redfin&#8217;s press release distribution list, email <a rel=\"nofollow\" href=\"mailto:press@redfin.com\">press@redfin.com<\/a>. To view Redfin&#8217;s press center, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fpress.redfin.com%2Fphoenix.zhtml%3Fc%3D252734%26p%3Dirol-overview&amp;esheet=54235815&amp;newsitemid=20250409483071&amp;lan=en-US&amp;anchor=click+here&amp;index=8&amp;md5=5f64a90cbbfc37e23b6849576e9d4ea3\">click here<\/a>.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250409483071r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250409483071\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250409483071\/en\/<\/a><\/span><\/p>\n<p>\nContact Redfin<br \/>\n<br \/>Redfin Journalist Services:<br \/>\n<br \/>Kenneth Applewhaite<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:press@redfin.com\">press@redfin.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Washington<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Professional Services Technology Residential Building &amp; Real Estate Finance Construction &amp; Property Internet<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250409483071\/en\/1407505\/3\/Redfin_Standard_Web_Logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Redfin Reports Hispanic Home Values Top $2 Trillion, But Growth Lags Behind Other Groups as Sun Belt Housing Markets Soften Home values are growing slower in Hispanic neighborhoods because many are located in the Sun Belt, where prices have stalled due to an increase in supply SEATTLE&#8211;(BUSINESS WIRE)&#8211; (NASDAQ: RDFN) \u2014The total value of homes in majority-Hispanic neighborhoods rose 4.2% year over year to $2 trillion in 2024, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Neighborhoods in which a majority of homeowners are Black, Asian or white\u2014or where there is no racial majority\u2014all saw total home values grow faster. The total value of homes in majority-white neighborhoods grew fastest in 2024, rising 5.4% to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-reports-hispanic-home-values-top-2-trillion-but-growth-lags-behind-other-groups-as-sun-belt-housing-markets-soften\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Redfin Reports Hispanic Home Values Top $2 Trillion, But Growth Lags Behind Other Groups as Sun Belt Housing Markets Soften&#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-835426","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 Reports Hispanic Home Values Top $2 Trillion, But Growth Lags Behind Other Groups as Sun Belt Housing Markets Soften - 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-reports-hispanic-home-values-top-2-trillion-but-growth-lags-behind-other-groups-as-sun-belt-housing-markets-soften\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Redfin Reports Hispanic Home Values Top $2 Trillion, But Growth Lags Behind Other Groups as Sun Belt Housing Markets Soften - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Redfin Reports Hispanic Home Values Top $2 Trillion, But Growth Lags Behind Other Groups as Sun Belt Housing Markets Soften Home values are growing slower in Hispanic neighborhoods because many are located in the Sun Belt, where prices have stalled due to an increase in supply SEATTLE&#8211;(BUSINESS WIRE)&#8211; (NASDAQ: RDFN) \u2014The total value of homes in majority-Hispanic neighborhoods rose 4.2% year over year to $2 trillion in 2024, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Neighborhoods in which a majority of homeowners are Black, Asian or white\u2014or where there is no racial majority\u2014all saw total home values grow faster. The total value of homes in majority-white neighborhoods grew fastest in 2024, rising 5.4% to &hellip; Continue reading &quot;Redfin Reports Hispanic Home Values Top $2 Trillion, But Growth Lags Behind Other Groups as Sun Belt Housing Markets Soften&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-reports-hispanic-home-values-top-2-trillion-but-growth-lags-behind-other-groups-as-sun-belt-housing-markets-soften\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-09T12:21:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250409483071r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\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=\"4 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-reports-hispanic-home-values-top-2-trillion-but-growth-lags-behind-other-groups-as-sun-belt-housing-markets-soften\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/redfin-reports-hispanic-home-values-top-2-trillion-but-growth-lags-behind-other-groups-as-sun-belt-housing-markets-soften\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Redfin Reports Hispanic Home Values Top $2 Trillion, But Growth Lags Behind Other Groups as Sun Belt Housing Markets Soften\",\"datePublished\":\"2025-04-09T12:21:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/redfin-reports-hispanic-home-values-top-2-trillion-but-growth-lags-behind-other-groups-as-sun-belt-housing-markets-soften\\\/\"},\"wordCount\":897,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/redfin-reports-hispanic-home-values-top-2-trillion-but-growth-lags-behind-other-groups-as-sun-belt-housing-markets-soften\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20250409483071r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/redfin-reports-hispanic-home-values-top-2-trillion-but-growth-lags-behind-other-groups-as-sun-belt-housing-markets-soften\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/redfin-reports-hispanic-home-values-top-2-trillion-but-growth-lags-behind-other-groups-as-sun-belt-housing-markets-soften\\\/\",\"name\":\"Redfin Reports Hispanic Home Values Top $2 Trillion, But Growth Lags Behind Other Groups as Sun Belt Housing Markets Soften - 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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-reports-hispanic-home-values-top-2-trillion-but-growth-lags-behind-other-groups-as-sun-belt-housing-markets-soften\/","og_locale":"en_US","og_type":"article","og_title":"Redfin Reports Hispanic Home Values Top $2 Trillion, But Growth Lags Behind Other Groups as Sun Belt Housing Markets Soften - Market Newsdesk","og_description":"Redfin Reports Hispanic Home Values Top $2 Trillion, But Growth Lags Behind Other Groups as Sun Belt Housing Markets Soften Home values are growing slower in Hispanic neighborhoods because many are located in the Sun Belt, where prices have stalled due to an increase in supply SEATTLE&#8211;(BUSINESS WIRE)&#8211; (NASDAQ: RDFN) \u2014The total value of homes in majority-Hispanic neighborhoods rose 4.2% year over year to $2 trillion in 2024, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Neighborhoods in which a majority of homeowners are Black, Asian or white\u2014or where there is no racial majority\u2014all saw total home values grow faster. The total value of homes in majority-white neighborhoods grew fastest in 2024, rising 5.4% to &hellip; Continue reading \"Redfin Reports Hispanic Home Values Top $2 Trillion, But Growth Lags Behind Other Groups as Sun Belt Housing Markets Soften\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-reports-hispanic-home-values-top-2-trillion-but-growth-lags-behind-other-groups-as-sun-belt-housing-markets-soften\/","og_site_name":"Market Newsdesk","article_published_time":"2025-04-09T12:21:28+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250409483071r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-reports-hispanic-home-values-top-2-trillion-but-growth-lags-behind-other-groups-as-sun-belt-housing-markets-soften\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-reports-hispanic-home-values-top-2-trillion-but-growth-lags-behind-other-groups-as-sun-belt-housing-markets-soften\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Redfin Reports Hispanic Home Values Top $2 Trillion, But Growth Lags Behind Other Groups as Sun Belt Housing Markets Soften","datePublished":"2025-04-09T12:21:28+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-reports-hispanic-home-values-top-2-trillion-but-growth-lags-behind-other-groups-as-sun-belt-housing-markets-soften\/"},"wordCount":897,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-reports-hispanic-home-values-top-2-trillion-but-growth-lags-behind-other-groups-as-sun-belt-housing-markets-soften\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250409483071r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-reports-hispanic-home-values-top-2-trillion-but-growth-lags-behind-other-groups-as-sun-belt-housing-markets-soften\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-reports-hispanic-home-values-top-2-trillion-but-growth-lags-behind-other-groups-as-sun-belt-housing-markets-soften\/","name":"Redfin Reports Hispanic Home Values Top $2 Trillion, But Growth Lags Behind Other Groups as Sun Belt Housing Markets Soften - 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