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Inman News: Harvard: Hintst of a subdued recovery in 2012

July 5, 2012

According to Gary Painter, director of research with the University of Southern California Lusk Center for Real Estate, the aging of the nation's immigrant population will drive long-term housing recovery, even if unemployment remains high.

Though immigrants tend to produce fewer households per person due to a higher rate of household sharing, over time household formation rates historically return to normal levels regardless of job growth...

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