Across the country, the number of Hispanic homebuyers is climbing dramatically, especially if you look at the name game.
An analysis of public records by San Diego-based DataQuick reveals the top 10 most common homebuyer names in 2005.
On this list appear four Hispanic names, double the amount of 5 years ago.
Included on the list are: Rodriguez, Garcia, Hernandez, and Gonzalez.
The story in California is even more revealing, where the five most common surnames are Hispanic.
Almost 28 percent of all homebuyers in the state are Hispanic, according to a 2005 study.
Undoubtedly, it also means that many undocumented workers are also buying houses, much to Lou Dobbs horror (he did a piece about it some months ago). There is nothing wrong with foreign nationals acquiring equity in the US, paying property taxes, and adding to banks portfolios of loans, right Lou? Sometimes it is done through third parties, usually a close relative either acting as the buyer or co-signer.
Anyways, this is a really good thing.
Source Hispanic Trending