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Housing foreclosures hits Latino homeowners hard
Tagged: California, foreclosurePosted on: November 19th, 2007
he real estate boom of recent years ushered a record number of Latinos into the housing market. The community hit a milestone this year: Half now own homes. But the recent credit crunch and escalating foreclosure rates threaten to erode some of the gains.
Hundreds of thousands of homeowners across the nation — including nearly 100,000 in California — are in danger of losing their homes to foreclosures. Many of them are Hispanic – foreclosures in the community are estimated to reach $24.8 billion this year, according to the National Association of Hispanic Real Estate Professionals.”*
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Filed Under: 1. Hispanic News, Business, Business News, Real Estate, Your Money
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