Dive Brief:
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The demand for U.S. housing by Hispanics is likely to double by 2060, a Freddie Mac official said this week.
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Freddie Mac’s vice president of housing and community outreach, Christina Diaz-Malone, said the number of Hispanics who own their homes increased by 59% from 2000 to 2013, while it grew 8% for homeowners overall.
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Within 11 years, Hispanics will account for up to 40% of all new households, she said.
Dive Insight:
The 10 states where Hispanic homeownership is growing quickest are: Alabama, South Carolina, Tennessee, Kentucky, South Dakota, Arkansas, North Carolina, Mississippi, Maryland, and Georgia.