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Public Awareness Campaign: Hispanic Research
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.
Summary of Key Findings
Results of the 2008 survey show greater access to and improved understanding of the real estate market among Hispanic audiences.

Nearly nine out of 10 people who had seen the Public Awareness Campaign commercials said the advertising made them feel better informed, more positive about homeownership or more confident about the housing market.

In addition:
  • Nearly three-fourths, or 72 percent, of Hispanic consumers would use a REALTOR® to buy or sell a home.
  • Among consumers who bought a home in the past 12 months, 60 percent used a REALTOR® – a significant increase from only 18 percent in 2005, which was the first year of outreach specifically to Hispanic audiences.
  • Only 17 percent of those surveyed would try to buy or sell a home without professional assistance – that’s an all-time low, down from 25 percent in 2001.
  • Sixty nine percent strongly agree that owning a home helps build long-term wealth.
  • Sixty eight percent of Hispanic consumers surveyed strongly agree that the real estate market varies by location.
  • A full two-thirds of those surveyed – 66 percent – believe that buying a home this year is a good idea.



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