What opportunities and challenges will immigration reform pose for future housing demand, housing markets, and/or economic revitalization?
Closing a New Generation Gap
By Lawrence Yun
The rate of home ownership among immigrants is largely a function of how long people have been in the United States. For those in the country less than five years, the homeownership rate is below 20 percent but climbs to almost 80 percent by their 40th year. That means past immigration will help boost current home buying demand and more recent arrivals will assist future demand.