According to inman, estimates released by the National Association of Hispanic Real Estate Professionals (NAHREP) say proposed immigration reform would result in the purchase of 3,000,000 homes by Hispanics, generating over $500 billion in home sales. An additional $233 billion in commissions, fees and spending connected to home-ownership would further add to the economy. A report released by (NAHREP) states Hispanic homeowners increased 58 percent from 2000 to 2012, from 4.24 million to 6.69 million, as compared to five percent net growth for the remainder of the nation’s population. The report also suggests Hispanics accounted for 51 percent of all household formation in 2012, and in 2010, 10.4 percent of all U. S. homeowners were Hispanic. As MHProNews has learned, NAHREP President Juan Martinez says, “Foreign-born householders have a high value and strong desire for homeownership. They have been here in our midst for years, working and participating in our economy. Legitimizing them through immigration reforms would finally give them the access and the confidence to buy homes.”
