{"id":862,"date":"2019-05-09T16:00:00","date_gmt":"2019-05-09T16:00:00","guid":{"rendered":"https:\/\/www.realtrends.com\/blog\/2019\/05\/09\/asian-americans-forming-influential-homebuying-demographic\/"},"modified":"2025-03-13T02:11:01","modified_gmt":"2025-03-13T02:11:01","slug":"asian-americans-forming-influential-homebuying-demographic","status":"publish","type":"post","link":"https:\/\/www.realtrends.com\/blog\/2019\/05\/09\/asian-americans-forming-influential-homebuying-demographic\/","title":{"rendered":"Asian-Americans Forming Influential Homebuying Demographic"},"content":{"rendered":"<h2>Asian-Americans Forming Influential Homebuying Demographic<\/h2>\n<p>Asian-Americans and Pacific Islanders (AAPI) are the fastest-growing <a href=\"demographics-driving-a-mismatch-of-housing-inventory\/\">demographic<\/a> in this country, with numbers exceeding 25 million by some projections. Yet, the group suffers from misrepresentation that leads to missed economic opportunities, according to the Asian Real Estate Association of America (<a href=\"https:\/\/areaa.org\/\" target=\"_blank\" rel=\"noopener\">AREAA<\/a>).<\/p>\n<p><!--more--><\/p>\n<p>The nonprofit, which is dedicated to promoting sustainable homeownership opportunities in Asian American communities, along with sponsors RE\/MAX LLC and Freddie Mac, released its <a href=\"https:\/\/areaa.org\/2019-saa\/\" target=\"_blank\" rel=\"noopener\">2019 State of Asia America report<\/a> to examine important trends among this demographic.<\/p>\n<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-57570 size-full aligncenter\" src=\"https:\/\/www.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2021\/01\/AAPI.jpg\" alt=\"AAPI\" width=\"642\" height=\"388\"><\/p>\n<blockquote>\n<p>\u201cAAPI communities are buying and investing in real estate like never before,\u201d said Tom Truong, AREAA president. \u201cThe AAPI demographic is highly educated, highly interested in homeownership, and have become the fastest-growing demographic in the United States. AAPIs have been contributing to our nation\u2019s economy for over 150 years, despite various cultural and discriminatory challenges.\u201d<\/p>\n<\/blockquote>\n<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-57571 aligncenter\" src=\"https:\/\/www.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2021\/01\/AAPI-NEW.png\" alt=\"AAPI NEW\" width=\"645\" height=\"233\"><\/p>\n<p><strong>Highlights of the report include:<\/strong><\/p>\n<p>\u2022 AAPIs continue to make the largest gains amongst any other group of Americans when it comes to homeownership.<br \/> \u2022 According to HMDA\u2019s (Home Mortgage Disclosure Act) 2017 data, AAPI families applied for the most applications for conventional home-purchase loans, in terms of both the highest number and dollar value, out of any minority group.<br \/> \u2022 Buying power has increased by 257% between 2000 and 2017 for the AAPI community. AAPI buying power is expected to reach over $1.3 trillion by 2022. The 257% increase in economic power surpasses the economic growth of all other segments of Americans.<br \/> \u2022 AAPIs are expected to outnumber Hispanic-Americans by 2055 and will become the largest minority group in the country, not only because of immigration but also because of domestic growth.<br \/> \u2022 The South is the fastest-growing AAPI region in the country, with the vast growth of Asian-American populations. The Midwest is the second fastest-growing region.<\/p>\n<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-57572\" src=\"https:\/\/www.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2021\/01\/AAPI-RELOCATION.png\" alt=\"AAPI RELOCATION\" width=\"684\" height=\"271\"><\/p>\n<p style=\"text-align: center;\"><strong>To download a free copy of the report, visit <a href=\"https:\/\/areaa.org\/2019-saa\/\" target=\"_blank\" rel=\"noopener\">https:\/\/areaa.org\/2019-saa\/<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Asian-Americans Forming Influential Homebuying Demographic Asian-Americans and Pacific Islanders (AAPI) are the fastest-growing demographic in this country, with numbers exceeding 25 million by some projections. Yet, the group suffers from misrepresentation that leads to missed economic opportunities, according to the Asian Real Estate Association of America (AREAA).<\/p>\n","protected":false},"author":15802,"featured_media":4822,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3255],"tags":[],"coauthors":[],"class_list":["post-862","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-archive"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.4 (Yoast SEO v26.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Asian-Americans Forming Influential Homebuying Demographic<\/title>\n<meta name=\"description\" content=\"Asian-Americans and Pacific Islanders (AAPI) are the fastest-growing demographic in this country, with numbers exceeding 25 million by some projections. 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