Report: Immigrants Fuel Home Ownership Demand

According to a report from the University of Southern California (USC), immigrants will account for nearly 36 percent of the increased demand for U.S. homes this current decade — down from 39 percent in the previous decade. Researchers reason that immigrants’ share of demand growth is being reduced primarily because native-born buyers’ share is rising. Geographically, foreign-born ownership demand in this decade is on pace to account for a majority of the growth in a half-dozen states: California, Connecticut, Massachusetts, Michigan, New Jersey, and New York. | Read More