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Immigrants Key to Homeownership Growth
Realtor Mag ^ | April 12, 2017 | Robert Krueger

Posted on 04/20/2017 3:46:17 PM PDT by smokingfrog

Foreign-born residents will have a "significant impact" on the housing market according to "Housing in America: Immigrants and Housing Demand," released by the Urban Land Institute's Terwilliger Center for Housing. The report also notes that if the current levels aren't sustained, the industry could suffer.

"Immigrants have helped stabilize and strengthen the housing market throughout the recovery," says Stockton Williams, executive director of the Terwilliger Center. "Immigrants' housing purchasing power and preferences are significant economic assets for metropolitan regions across the country. This suggests the potential for much more growth attributable to foreign-born residents in the years ahead."

Immigrants in general have strong aspirations for single-family homeownership. They're also increasingly targeting the suburbs in search of greater employment opportunities and lower-cost housing, the study notes.

"If recent shifts in immigration flows continue, an increase in higher-income immigrants—including rising numbers from China and India—could accelerate the demand for homeownership among the foreign-born population," according to the report.

(Excerpt) Read more at realtormag.realtor.org ...


TOPICS: Business/Economy; Chit/Chat
KEYWORDS: fud; homeinamerica; housing; mortgage; realestate
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To: I want the USA back

I can barely afford the house I have. Why should I buy an illegal a house. GTFO and buy a house in the hellhole you left


21 posted on 04/20/2017 5:28:12 PM PDT by Keyhopper (Indians had bad immigration laws)
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To: smokingfrog

Greed is what will destroy us. The greed of people who want to make money off that which will destroy us.


22 posted on 04/20/2017 5:46:52 PM PDT by This I Wonder32460 (You have to stand for something or you'll fall for anything.)
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To: Keyhopper

No matter what we conservatives do, there is a POS element that caters to everybody but Americans. I am so sick of it. Rich or poor, immigrants get all the goodies that government gives out from loans, low or zero taxes and all other entitlements (paid by us) to drive more nails into the American coffin. This sh*t needs to stop.


23 posted on 04/20/2017 5:59:24 PM PDT by shanover (...To disarm the people is the best and most effectual way to enslave them.-S.Adams)
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To: Regulator

People don’t start families without places to live (ie HOUSES).
No homes=no families=no BABIES= no future USA.


24 posted on 04/20/2017 6:03:23 PM PDT by Flintlock (The ballot box STOLEN, our soapbox taken away--the BULLET BOX is left to us.)
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To: smokingfrog

correction:

Illegal Immigrants are the key to GHETTO HOUSING!


25 posted on 04/20/2017 6:26:47 PM PDT by TheNext (Democrat Supremists)
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To: smokingfrog

Wrong. It keep housing prices growing.


26 posted on 04/20/2017 7:54:43 PM PDT by Organic Panic (Flinging poo is not a valid argument)
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Basing an economy on housing is ruinous. A country needs heavy industry to sustain itself over the long term.


27 posted on 04/20/2017 8:02:12 PM PDT by Clutch Martin (Hot sauce aside, every culture has its pancake, just as evey culture has its noodle.)
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To: smokingfrog

What else would we expect from the real estate industry. The other additional perk is that immigrants have caused home prices to skyrocket.


28 posted on 04/20/2017 9:01:41 PM PDT by Robert DeLong
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To: smokingfrog

Isn’t foreign purchase of homes (minimum amount required to obtain a visa) part of what is driving prices up artificially? Do banks give illegals home loans? How many ‘migrants’ in Europe have purchased homes? Aren’t they mostly dependent on public housing?


29 posted on 04/20/2017 10:20:37 PM PDT by blueplum ("...this moment is your moment: it belongs to you " President Donald J. Trump, Jan 20, 2017)
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To: smokingfrog

I live in Pittsburgh.

They are building homes like mad around here.
Our metro population has not increased since 1950.

The real estate industry drives open borders.


30 posted on 04/21/2017 7:25:36 AM PDT by Buckeye McFrog
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To: Buckeye McFrog

Are they tearing down old houses to build new ones?


31 posted on 04/21/2017 1:05:21 PM PDT by smokingfrog ( sleep with one eye open (<o> ---)
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