Although denial rates are higher for Hispanic borrowers and worsening affordability continues to hinder homebuyers nationwide, a new study from the Urban Institute revealed that by 2040, an estimated 70% of new homeowners are projected to be Hispanic.
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Cities in FL and CA Dominate List of the Nation’s Most Cost-Burdened Homeowners
According to a new study, “house poor” homeowners in the Sunshine State and Golden State face the largest housing expenses, including monthly mortgage payments, property taxes, homeowners’ insurance, and utilities.
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