RadioBDC Logo
Dog Days Are Over | Florence + the Machi Listen Live
< Back to front page Text size +

Immigrants: Key to the next housing boom?

Posted by Scott Van Voorhis May 23, 2013 06:00 AM

E-mail this article

Invalid E-mail address
Invalid E-mail address

Sending your article

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.

This blog is not written or edited by or the Boston Globe.
The author is solely responsible for the content.

E-mail this article

Invalid E-mail address
Invalid E-mail address

Sending your article

About boston real estate now
Scott Van Voorhis is a freelance writer who specializes in real estate and business issues.

Latest interest rates

RE by the Numbers
5 Reasons You'll Love 296 Summer St in Somerville
Have you been shut out thus far in the red hot Somerville market? Fear not intrepid buyers, 296 Summer St #1 is here to represent...