Foreign-born residents weathered the housing crisis better, U.S. News reports

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August 26, 2014

The immigrant homeownership rate increased by 2.6 percent between 2000 and 2010, while the rate for the native-born declined by 1.2 in the same time period. U.S. News interviewed several housing market experts to explore why the immigrant population – a fast growing demographic component of the economy – fared better during the housing crisis. One study done by researchers at Rutgers University and Georgia Institute of Technology point out “birthplace networks” – or communities of friends and families from the same country of origin who together can provide the means to buy a home.

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