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

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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