Morning Minute: Immigrant homebuyers help fuel housing demand

The Wall Street Journal reports in the article, “Immigrants Buoy the Housing Market,”  that foreign-born buyers have been an important factor in boosting homeownership growth in the last decade and it is a trend that is expected to continue through 2020, according to research from the Mortgage Bankers Association.

All told, the number of foreign-born homeowners in the U.S. has increased each decade since 1990. Immigrants, who represent about 13% of the U.S. population, accounted for 39% of net growth in homeowners between 2000 and 2010. They will represent 36% of that growth in the 2010-2020 span, the report projects, the Wall Street Journal reports.

In other news:

Fed says economy growing modestly in the West and much of nationChicago Tribune

Investors starting young as housing market heats upBelleville News Democrat

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About Stephanie Sievers

Stephanie Sievers is Senior Editor for the Illinois Association of REALTORS®. She serves as Senior Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.

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