Thread: Texas now a 'majority minority' state

Texas now a 'majority minority' state

By Texas, National Association of REALTORS®
Mar 15, 2007



More than half of Texas residents are Hispanic, Black, Asian, or come from non-European backgrounds.

By 2010 these minority residents are likely to comprise the majority of first-time homebuyers.

In 2005, first-time buyers purchased 42% of homes bought in Texas. Texas currently ranks only 42nd out of 50 states in homeownership, but demographic patterns suggest a real opportunity for exponential growth.

Texas REALTORS® are working on a variety of fronts to help more current and future Texans of all ethnic backgrounds achieve their dreams of homeownership.

One way is by providing consumer information critical to the home-buying process in Spanish.

Another is by participating in the new joint venture with AMPI, the Mexican counterpart to the National Association of REALTORS®. This new joint venture will help facilitate home sales for U.S. residents wishing to purchase homes in Mexico and vice versa.

Source: Texas, National Association of REALTORS®


http://www.ntxe-news.com/artman/publish ... 1179.shtml

Lovely, being able to buy a home in spanish!! We wouldn' want to put the spanish people out any by makeing them learn English now would we!!