Despite describing 2025 as a “landmark year,” the 2026 “State of Hispanic Wealth Report” questions whether record growth “can survive Washington’s latest policies.”

Released by the National Association of Hispanic Real Estate Professionals (NAHREP) and the Hispanic Wealth Project (HWP), the report says Hispanic families have reached a historic period of wealth creation.

But it also argues that “recent federal policy changes have introduced new barriers to continued progress. Expanded immigration enforcement, restrictions affecting access to financial services and public programs, and other policy changes have created uncertainty that extends well beyond those directly targeted.”

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In 2025, Hispanic households accounted for all net growth in U.S. homeownership, according to the report. Hispanic-owned homes reached a record 10.2 million units, while Hispanic families formed 1.1 million new households, representing 92.6% of total U.S. household growth.

The report identifies three key policy changes in Washington that it says are affecting real estate. It says immigration enforcement is constraining the construction workforce while creating uncertainty that can discourage home purchases. Certain immigrants with protected status are no longer eligible for loans insured by the Federal Housing Administration. And federal guidance now instructs lenders to consider immigration status when evaluating a borrower’s ability to repay, threatening credit pipelines for conventional financing.

“While it is too early to determine the full impact, early evidence suggests that these are not passing disruptions,” the report states. “These arbitrary and punitive policies risk slowing progress by making it more difficult for Hispanic families to buy homes, grow businesses, build financial security and preserve wealth.”

For the first time, the report also includes a section on policy risk, saying that expanded immigration enforcement and new restrictions on Small Business Administration lending and financial services are creating hardship for Latino-owned businesses. More than half of those businesses are immigrant-owned, according to the report.

“Every data point in this report tells the same story: Latino families are building wealth faster than anyone else in America, and they’re doing it despite new obstacles being put in their path,” said Edwin Acevedo, president of NAHREP. “Protecting this progress is good for the entire U.S. economy.”

Beto Pallares, executive director of the HWP, wrote in the report that Hispanic wealth creation not only advances individual households but also strengthens communities and the broader American economy.

“The progress is significant. Median Hispanic household wealth more than tripled between 2013 and 2022, while the proportional wealth gap narrowed substantially,” Pallares said. “Real estate remains the foundation of this growth, providing stability, equity and a pathway to generational wealth.”

Pallares also noted that Hispanic owner households reached 10.2 million in 2025, adding that “interest in investment properties continues to rise as more families use real estate to generate income, fund education and retirement and acquire additional assets.”