""Econohomes"":http://www.econohomes.com/ is an Austin, Texas-based company that buys distressed REO properties in bulk and operates an online marketplace to get these homes back into the hands of owner-occupants and investors. The company is looking to make it easier for Hispanic buyers to get into the game.[IMAGE]
Econohomes is now offering bilingual services and Spanish-language online information to assist the Hispanic community with real estate transactions, both first-time homebuyers and property investors.
As the second largest consumer segment in the nation, Econohomes says Hispanics are a key catalyst of economic growth and have the potential to revive the housing industry.[COLUMN_BREAK]
According to a recent report from the National Association of Hispanic Real Estate Professionals (NAHREP), most industry experts predict that by 2020, 80 percent of all new homebuyers will be minority or immigrants, with Hispanics being the largest share.
Econohomes has tailored its services to help this burgeoning Hispanic client base reach their homeownership and real estate investment goals. Econohomes takes people step by step through the homebuying process with support from dedicated bilingual real estate experts and ""Spanish-language online information"":http://www.econohomes.com/es/how-to-buy focused on buying REOs.
""Econohomes is focused on turning distressed foreclosure properties back into homes,"" said Jeff Ball, president and CEO of Econohomes. ""Because Latinos took on less debt during the housing run-up, they are uniquely positioned to buy at great prices during this severe market correction.""
Econohomes' ""online inventory"":http://www.econohomes.com/properties comprises more than 1,000 REOs in more than 40 states across the country, including properties that have been renovated and are ready for immediate move-in by owner occupants or rental by investors.
The company also offers specially-designed financing programs for distressed real estate opportunities.