🏡 Real Estate

Our sponsor today is dedicated to making financial management more efficient. Cobre has just launched in Mexico—check it out now!

Welcome to Latinometrics. We bring you Latin American insights and trends through concise, thought-provoking data visualizations.

US Real Estate 🏘

If you live in the Sun Belt region of the United States, you might have noticed changes in your neighborhood as of late. In recent years, in US states across the south and southwest, Latinos have been buying up sizable portions of the housing stock.

The Sun Belt is attracting particular attention from Hispanics and Latinos more generally, in contrast to earlier decades where cities like Chicago or New York attracted migrants seeking jobs. In Texas, for example, Latin Americans are buying up just about half of all houses on the market.

Beyond just homeowners seeking a place to live, though, there’s also Latin America’s growing investor class to consider. As some home countries in the region undergo economic growing pains (or downright crises), wealthier Latinos have taken to parking their money in stabler assets like the US housing market.

And what a market is is—one estimate has real estate contributing over a fifth of the entire Floridian gross domestic product, for example.

But not all Latin Americans are investing equally. As to be expected, some countries are much better represented in the buyer class when it comes to US real estate.

Subscribe to Premium Subscription to read the rest.