Hispanic homebuyers still want in. Here’s how real estate agents can help

Hispanic Heritage Month is a time to celebrate the contributions Hispanic families, entrepreneurs, workers, and community leaders have made to our communities and our economy. It is also an opportunity to look ahead and discuss how we continue creating opportunities for future generations. One of those opportunities has always been homeownership. From my perspective as a real estate professional and as President of the Denver Chapter of the National Hispanic Construction Alliance, the desire for homeownership in the Hispanic community remains strong. What has changed is the affordability of achieving it. Higher interest rates, insurance premiums, property taxes, HOA fees, and housing costs have reduced purchasing power. Many families who could afford a certain price range several years ago are now forced to look at less expensive homes, often without changing what they reasonably want from a home: a safe, comfortable place in good condition where they can build a future. The affordability gap One challenge is that homes in lower price ranges often need repairs or updating. Buyers may have enough money for their down payment and closing costs but not enough remaining to make substan...