In 2018, Hispanics achieved a net gain of 362,000 homeowners, according to the 2018 State of Hispanic Homeownership Report released this year by the National Association of Hispanic Real Estate Professionals (NAHREP).

The report also found that from 2008 to 2018 Hispanics accounted for 39.6% of U.S. household formations and represented 62.7% of the increase in U.S. net homeownership.

Research by Fannie Mae shows that 88% of Hispanics said homeownership is a good long-term investment, and 92% said that they are more likely to be homeowners than renters in the future.

The current Hispanic population in the United States is 58.9 million, or about 18% of the overall U.S. population. The Urban Institute projects that Hispanics will account for 56% of all new homeowners by 2030.

Read more takeaways from the 2018 Hispanic Homeownership Report here.