Professional Services Close-Up: USC Lusk Center for Real Estate Offers Immigration Study Results March 17,2010

Submitted by lusk-admin on Tue, 07/10/2012 - 16:56

USC Lusk Center for Real Estate Offers Immigration Study Results
Professional Services Close-Up

... The paper, "Immigrants and Housing Markets in Mid-Size Metropolitan Areas" by Gary Painter, director of research at the Lusk Center and co-author Zhou Yu, an assistant professor at the University of Utah, looked at 60 cities with housing priced lower than in the gateways of New York, Los Angeles and Chicago. These mid-size areas, including Nashville, Detroit, Colorado Springs, Minneapolis, Sarasota and El Paso, have shown an average 27 percent rise in new immigrant population at a time when the gateway cities are losing residents. The immigrants in these metropolitan areas come from all over the world, with the most from Mexico and China.

"The anticipated rapid growth of U.S. immigrant populations in the coming decades coupled with their movement into mid-size metro areas has the potential to transform communities," said Painter. "Our data suggest that immigrants are attracted to homes near active support networks of fellow immigrants and in places with lower rates of immigrant growth resulting in less competition for entry-level jobs."...