The 47 percent home-ownership rate among Hispanics considerably lags the national average of 68 percent, and the Congressional Hispanic Caucus Institute says that is due to obstacles that keep Hispanics out of the housing market—such as high prices, low incomes, and the complexity of the home buying process. Moreover, many Hispanic buyers are unable to save for a down payment, as much of their money is sent to relatives outside of the country.
Source: Los Angeles Times
