The United States’ Hispanic population grew to more than 40 million in 2004 compared to 35.3 million in 2000, according to research from NAR. As this population grows, so has the number of Hispanic home-buyers.

                                                                        Hispanic/Latino All Home Buyers

Median age of resident                                      26.8                             35.9

Median age of home buyers                              37                                40       

Household income                                            $64,900                       $71,600

Type of home purchased:

Townhouse                                                       12 percent                    9 percent

Single-family                                                     68 percent                    75 percent

Urban location                                                  27 percent                    17 percent

Suburbs                                                            47 percent                    56 percent

Found first home via Internet                             21 percent                    24 percent

Found home via real estate agent                       37 percent                    36 percent