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 nation – Chicago Tribune
Investors starting young as housing market heats up – Belleville News Democrat