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 ...
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
Greed is what will destroy us. The greed of people who want to make money off that which will destroy us.
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.
People don’t start families without places to live (ie HOUSES).
No homes=no families=no BABIES= no future USA.
correction:
Illegal Immigrants are the key to GHETTO HOUSING!
Wrong. It keep housing prices growing.
Basing an economy on housing is ruinous. A country needs heavy industry to sustain itself over the long term.
What else would we expect from the real estate industry. The other additional perk is that immigrants have caused home prices to skyrocket.
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?
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.
Are they tearing down old houses to build new ones?
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