By Julissa Catalan
According to a new study released on Thursday by Harvard University’s Joint Center for Housing Studies, the underrepresented community will account for more than 50 percent of first-time homebuyers by 2025. Black and Latinos will also make up one-third of overall U.S. households.
Currently the number of U.S. households stands at about 122 million and is expected to rise between 11.6 million and 13.2 million, over 2015 to 2025.
