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Weakening housing market threatens Latino wealth
Tagged: La Raza
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: www.chron.com
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Filed Under: 1. Hispanic News, Business, Business News, Real Estate, Tomás' Picks, Your Money
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