Weakening housing market threatens Latino wealth

Homeownership is the foundation for Latino wealth in this country, just as it is the base of increased prosperity for white, black and Asian ethnic groups.

That’s why any threat to Hispanic homeownership gets the nation’s largest Latino civil rights and advocacy organization to sound an alarm.

The president of the National Council of La Raza testified before Congress late last month that the subprime mortgage crisis is on track to reverse the financial gains Latinos have achieved so far in this decade.”*

*From: http://www.chron.com
Traducido: usando Google o Altavista/Babel Fish

Stumble it! | |

Other posts that may interest you

Blogante News for Monday - March 10th, 2008

The expanding Latino housing market must be addressed

Will Rising Mortgage Interest Rates, Housing Bubble Squeeze Hispanics Out of the Housing Market?; Industry leaders, Hispanic Real Estate Pros to Weigh in on Issues at NAHREP's 5th Annual Hispanic Marketing Convention & Expo in NYC

Facts on the Hispanic Financial Market

Latina Lista: Organization Threatens Legal Challenge to Congress if Law Allowing Voting Materials in Other Languages Passed

Housing woes rough on Latino immigrants in North Carolina

Bank Seeks to Widen Base Beyond Latinos - Security One Changing Name, Leaders - Washington DC

Some Latino leaders blast 'A' - Salinas, California

Foreclosure Wave Said to Hit Latinos Hard

Mexican immigrants worry as Hurricane John threatens Vera Cruz - Charlotte, North Carolina