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03-15-2007, 12:00 AM #1
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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
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