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Article: Minority optimism. (optimism on homeownership of African Americans and Hispanics)(Cover Report: Market Research/Housing Policy)(Cover Story)
- Article from:
- Mortgage Banking
- Article date:
- September 1, 1998
- Author:
CopyrightCOPYRIGHT 1998 Mortgage Bankers Association of America. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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A major survey of African Americans and Hispanics shows a marked upswing in optimism about homeownership prospects.
African Americans and hispanics are more optimistic than ever about their prospects for becoming homeowners, and they are more informed than ever about what it takes to own their own homes.
These conclusions are among the major findings of the Fannie Mae Foundation's first-ever survey of minority home-buying attitudes. The survey, "African-American and Hispanic Attitudes on Homeownership," was undertaken at a time when the national homeownership rate stands at 66 percent. Yet the rate for African Americans stands only at 45 percent and for ...