The rising influence of the Hispanic population on US real estate

Hispanics are now the largest and fastest growing minority group in the US. Expanding at an annual rate of 4.4% since the end of 1990, the Hispanic population now numbers 42.4 million, representing about 14.3% of the total population. This rapid increase is expected to continue, accounting for about...

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Bibliographic Details
Published in:Real Estate Finance 2006-02, Vol.22 (5), p.6
Main Authors: Arcilla, M. Shayne, Liang, Youguo
Format: Article
Language:English
Subjects:
Age
Censuses
Educational attainment
Ethnicity
Family income
Forecasts and trends
Hispanic American market
Hispanic Americans
Households
Immigrants
Immigration
Influence
Minority & ethnic groups
Multiculturalism & pluralism
Neighborhoods
Noncitizens
Polls & surveys
Population growth
Real estate
Real estate industry
Statistical data
White people
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Summary:Hispanics are now the largest and fastest growing minority group in the US. Expanding at an annual rate of 4.4% since the end of 1990, the Hispanic population now numbers 42.4 million, representing about 14.3% of the total population. This rapid increase is expected to continue, accounting for about 45% to 50% of US population growth going forward. According to the US government, Hispanic or Latino is defined as a person of Mexican, Puerto Rican, Cuban, South or Central American, or other Spanish culture or origin regardless of race. The Hispanic population is a young, large, and fast growing group united by a common language and ancestry. For institutional investors, the large, concentrated, and growing Hispanic communities provide substantial investment opportunities in the retail and housing sectors. While ethnic preferences have minimal impact on office, industrial, and hotel demand, they do impact retail demand and housing choice.
ISSN:0748-318X