The financial institution also points out that 45% of the Latino respondents who already own a home consider acquiring one as one of their greatest achievements, surpassing those who believe raising a family (42%) and having a good credit score (32%) are more important.
"Homeownership is one of the strongest means to achieve financial stability in
Many respondents are willing to forego some of their requirements to purchase a house, such as being close to their family (36%) or their workplace (33%).
However, high interest rates are a challenge for all property buyers: 59% of the Latinos surveyed doubt whether to acquire a home due to this factor.
Yet, the number of Latinos waiting for a reduction in interest rates to buy a home (72%) has dropped 13% from
Uncertainty is a common factor among respondents, with 60% wondering if this is a good time to buy a home, citing concerns such as high closing costs, low credit scores, excessive debts, and the inability to save due to high rental prices.
According to the
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