Hispanic Research Findings
According to the Joint Center for Housing Studies at Harvard University, over the past decade, ethnic minorities and immigrants represented 40 percent of all new U.S. homeowners. As the largest of these minority groups, the Hispanic population represents tremendous buying power. A study conducted by the Tomás Rivera Policy Institute at the University of Southern California forecasts that between 1.5 and 2.2 million Hispanic households will buy homes by 2010.
Hispanic consumers need to know who can help them with real estate transactions and understand the value that REALTORS® provide. The Public Awareness Campaign's Hispanic outreach efforts are designed to communicate these messages.
Since 2005, the National Association of REALTORS® has conducted an annual tracking study of Hispanic consumers to assess their attitudes toward homeownership as well as overall awareness of REALTORS® and their perceived value in the real estate transaction. The 2008 survey also examined this audiences' attitudes, beliefs and opinions about buying a home, consistent with the campaign's messages about the value of homeownership.
Methodology
Three hundred telephone interviews were conducted between September 15 and October 6, 2008. The interviews were conducted in either Spanish or English, depending on participants’ preferences.
Respondents met the following qualifications:
- Hispanic U.S. residents between 25-54 years old
- Responsible for household decisions regarding real estate transactions
- Speak Spanish at home at least some of the time
- View at least 5 hours of Spanish language television per week
- Bought a home, condominium or other residence in the past 12 months or were planning to buy a home, condominium or other residence in the next 12 months
No more than 55 percent of respondents were female.