Will Latinos Lead a Real Estate Recovery?
Yet Lopez escaped the crisis relatively unscathed and has spent the last few years building his credit and his education. Today, he works as an investigator for the district attorney's office. His wife is in school and works part-time, and they both take care of their 3-year-old daughter. The combination of housing affordability, low interest rates, life stage and ambition for building a nest egg have come together to lure this summer.
Finding the right house is not easy. The inventory in the northern San Diego area bears the scars of neglect from foreclosures -- dead lawns, peeling paint, crime -- but that isn't deterring Lopez. He has saved $7,000 for a minimum 3 percent down payment, and is ready to take advantage of home prices that are down as much as $100,000 from the market peak.
"We are ready as a family to take it to next level and own," says Lopez. "You work hard for what you want and then you get it."
For the full story, see Daily Finance.
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