If immigration reform actually makes it through Congress, it could unleash a wave of home buying.
How much? More than $500 billion in new home sales, the National Association of Hispanic Real Estate Professionals estimates.
And that's not counting another $180 billion in home-related spending.
The group estimates 6 million undocumented immigrants will seek legalization and that about half, 3 million, will buy homes.
Here's an Inman news piece about the projections.
Overall, the number of Hispanic homeowners increased nearly 60 percent over the last 12 years,the NAHREP reports.
And by 2020, immigrants will account for over half of the rise in home sales, according to this HousingWire piece, citing a new study by the Mortgage Bankers Association and the Research Institute for Housing America.
It shouldn't really surprise anyone, though. It is part of a tradition as old as our country.
So the next time someone starts ranting about "criminaliens," consider yourself armed with some helpful stats.
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