Miami’s real estate market may have cooled a bit, but it is poised for long-term success and sustainability. And the world-famous beaches and tropical weather are only part of the equation. Despite a millennial-led nationwide trend to rent and wait on or avoid buying real estate, Miami’s strong Hispanic demographic positions the Magic City with a population that still strongly believes in family and homeownership. READ MORE AT MIAMI HERALD
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In October we celebrate the National Breast Cancer Awareness Month. Are there any reasons to observe it? The answer is a definitive “yes.”
Since 1990, the death rate from breast cancer has been declining. The research, funded mostly by the National Cancer Institute (NCI), have improved our understanding of breast cancer and have produced more effective treatments.
The outlook for U.S. Hispanic women is mixed. Although Hispanics are less likely to develop breast cancer than non-Hispanic white women, more than 17,100 Hispanics will be diagnosed with breast cancer this year and more than 2,400 will die from the disease. Breast cancer is the most common cancer among Hispanic women in the U.S. and the leading cause of cancer deaths in this group. Research shows that it is more likely that Hispanic women are diagnosed after their breast cancer has progressed to a more advanced stage than non-Hispanic white women. And Hispanic women are more likely to die from breast cancer than non-Hispanic white women diagnosed at the same age and in the same stage of disease.
The good news is that information is powerful. Become well informed. And, as always, talk to your health care provider about your concerns. READ MORE
Henry Munoz III, chairman of the presidential commission that recommended the construction of a Latino museum, wrote that there must be “a living monument that recognizes that Latinos were here well before 1776 and that in this century, the future is increasingly Latino, more than 50 million people and growing.” READ MORE
The University of Virginia Darden School of Business and its Tayloe Murphy Center released the findings of a major study today that outlines specific steps for how banks and credit unions can capture billions of dollars in deposits by reaching out to Latino and other “unbanked” households across the United States.
The year-long study titled “Perdido En La Traducción: The Opportunity in Financial Services for Latinos” also demonstrates for the first time that persuading households to keep their money in banks and credit unions could lower the risk of robberies and raise property values.
Nationwide, there is more than $169 billion floating outside the formal banking system attributed to unbanked households, of which $53 billion comes from unbanked Latino households.
“This study gives the financial services industry, policy makers and market watchers information they can use and a real measurement of the scope of this hidden market. At the same time, it not only represents a significant financial opportunity, but also highlights the wide-ranging benefits for communities,” says Greg Fairchild, executive director of the Tayloe Murphy Center and Darden professor.
The study focuses on unbanked Latino households in Virginia and North Carolina. Latinos are the fastest- growing multi-ethnic group in many states, including Virginia, as well as nationwide.
Many of the findings can also be applied nationally to any household that is unbanked, regardless of ethnicity, background, geographic location or length or status of residence. READ MORE
