Minorities and immigrants are expected to drive demand for condominiums, smaller starter homes and first trade-up homes for the next 15 years. They’re also expected to be a rapidly growing segment of the middle and middle-upper markets for housing……The Latin boom has been forecasted for years, but we are now seeing the front edge of it; and it has the potential to help the nation’s housing system get back on track if we can create a safe credit environment for new buyers to get into the market.
Florida Association of Realtors