Immigrant homebuyers up in mid-sized towns
Orange County Register online
By Jeff Collins
... A growing number of immigrants are buying homes in mid-sized U.S. cities, a study released today by the USC Lusk Center for Real Estate shows.
With immigrants and their children expected to account for 82% of population increases over the next 40 years, immigrant homebuyers could help stabilize housing prices, one study author said.
"Nurturing links within the immigrant community is key to building a new rank of homeowners," said Lusk Research Director Gary Painter.
The study looked at 60 mid-sized cities outside "gateway" cities such as New York, Los Angeles and Chicago. The study compares homeownership and overcrowding rates from 2000 and 2005 based on U.S. Census data...