Thursday, August 05, 2004

THE LATINO HOME FRONT
Growing population needs more help to realize dream
By Gregory J. Wilcox, L.A. DAILY NEWS

The increasing Latino population, expected to account for 31 percent of U.S. household growth this decade, aspires to homeownership, but more outreach programs are needed to maximize this market's potential, said a report released Wednesday.

By 2010 an estimated 1.5 million Latino households will have bought homes, but more aggressive real estate industry programs, including bilingual ones, could reach an additional 700,000 families, said the report from the Tomas Rivera Policy Institute at the University of Southern California.

The report, "El Sueno de su Casa: the Homeownership Potential for Mexican-Heritage Families," also said that 84 percent of Latino renters want to buy a house and that 55 percent plan on doing so in the next five years.

FOR THE REST OF THIS STORY VISIT:
http://www.dailynews.com/Stories/0,1413,200~20950~2314559,00.html

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