For context, the average first-time homebuyer now is about 40 years old. 

Answer: 8.2%

8.2% of Latin(o/a) homebuyers are under the age of 25. Among non-Hispanic borrowers, this number is 6.2%

Questions:

• What factors do you think influence someone’s decision to take out a mortgage?
• Why might younger generations be more or less likely to buy homes today?
• How does owning a home compare to renting in terms of long-term financial stability?

Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.

Behind the numbers (State of Hispanic Wealth Report):

"Despite these affordability constraints, Latinos continue to drive housing market growth, both proportionally and in absolute numbers. Consistent with broader homeownership trends, Hispanic buyers tend to be younger than their non-Hispanic counterparts, achieving homeownership earlier in life. Home Mortgage Disclosure Act (HMDA) data show that Hispanic borrowers consistently skew younger than non-Hispanic borrowers. In 2024, 8.2 percent of Hispanic home purchase originations were made to borrowers under the age of 25, compared to 6.2 percent among non-Hispanic borrowers"

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Want to learn more about homeownership? Check out the Buying a House Mini-Unit!

About the Author

Kathryn Dawson

Kathryn (she/her) is excited to join the NGPF team after 9 years of experience in education as a mentor, tutor, and special education teacher. She is a graduate of Cornell University with a degree in policy analysis and management and has a master's degree in education from Brooklyn College. Kathryn is looking forward to bringing her passion for accessibility and educational justice into curriculum design at NGPF. During her free time, Kathryn loves embarking on cooking projects, walking around her Seattle neighborhood with her dog, or lounging in a hammock with a book.