Daily Breeze: USC Study: Immigrants buying homes in midsize cities March 15,2010

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

USC Study: Immigrants buying homes in midsize cities
Daily Breeze

... Researchers at USC's Lusk Center for Real Estate said today an increasing number of new Americans are putting down permanent roots outside major gateway cities, lured by less competition for jobs and growing neighborhoods of fellow immigrants. The results of what's billed as the first study of immigrants buying homes in mid-size areas across the United States could help builders and local governments partner to attract the next wave of new homebuyers, the researchers said...

..."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," Painter said. "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," he added...