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June 2017   Volume 43, Number 6      
 

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Immigrant Households Impact Success of Real Estate Market

Immigrant Households Impact Success of Real Estate Market A new study from the Urban Land Institute, “Home in America: Immigrant Housing Demand,” analyzes nationwide data from the U.S. Census Bureau’s American Community Survey. The study uncovers new data about the impact of immigrants on the U.S. real estate market. It makes the case that rising growth in immigration and the success of the housing market are intertwined.

The survey even suggests immigrants could one day become the primary driver of demand. According to ULI research, over the last two decades immigrants accounted for 28 percent of all household growth in the United States, and nearly all of the growth in households headed by someone under the age of 45 comes from immigrant families.

The study also found that immigrants are increasingly moving to the suburbs. Since 2000, there has been a shift in settlement patterns away from cities towards more affordable housing in the suburbs. In 2000, roughly half of the country’s foreign-born population lived in the suburbs. In 2013, this figure rose to 61 percent nationally. The suburban immigrant population had also doubled in 20 major metropolitan areas.

Some of the cities, termed “remerging gateways,” are those that had experienced lulls in population growth during the 20th century. Now these cities, which include Baltimore, Denver, Minneapolis, Seattle, and Tampa Bay, are expected to see resurgences in new arrivals.

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In this issue:

Virtual Reality Shakes Up Real Estate

All-cash Chinese Buyers Disappearing From U.S. Real Estate Markets

Consumer Confidence Falls after Record High

Immigrant Households Impact Success of Real Estate Market

Multifamily Construction Loans Are Getting Harder for Developers to Find

Survey NAR Survey Finds Increase in Consumer Confidence in the Midwest and Rural Areas

Purchases of Vacation Homes Declined for Second Straight Year in 2016

Rising Home Prices Drive Up Homeowner Debt

The 10 States Investing the Most in Commercial Real Estate

How Sellers Can Avoid the Downsides of Hot Real Estate Markets


 


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