Economy Watch: Immigrants Head for Mid-Tier Cities, Could Be Real Estate Boon
Commercial Property Executive
By Dees Stribling
... A study by the Lusk Center for Real Estate at the University of Southern California has found that an increasing number of immigrants to the United States are moving to places other than the standard gateway cities of New York, Los Angeles and Chicago. Instead many of these new Americans are favoring smaller cities where the cost of living is lower and jobs are easier to come by...
..."There's no doubt that population growth of any kind can help support the real estate market in the short- and long term," Painter told CPE. "The only differences with immigrants are that it may take a little longer before they transition to homeowner than it would a native population, and that immigrants are likely to live in larger households."...