Immigrants seek to own homes in the suburbs

[Dustin Ruhl]

It's happened in the past, and it's bound to happen again. Hundreds of years ago, groups of immigrants came to America by the boatload. Large groups of Irish, Polish, German, or anything else, all coming together - and usually remaining together. Nationalities tended to stay together, and influenced the neighborhood in massive ways! We can all think of stereotypes about Italian neighborhoods, or the massive amount of bars in most Irish and Polish towns. But what about America today? With new massive influxes of immigrants coming in lately, we could expect to see neighborhoods and communities changing. Brand new neighborhoods could even arise in the suburbs, springing up around existing communities. But overall, immigrants are coming in and changing things on a whole. As more and more potential homeowners come into our country and any area, it's just bound to happen. Urban areas that expect to experience, or already are experiencing, a wave of immigration should research how to best incorporate these new families. Is there enough housing in the area already? Are there usable plots of land available? Should new homes start to be constructed? It's likely many areas of the country won't experience any effects of immigration any time soon, but there are those that know the impact. Plenty more will see the population growth at some point, too.

Key Takeaways:

• Foreign-born residents and immigrants who own homes have become significant assets the american realty economy
• Some cities would not have bounced back as quickly after housing crisis if not for this immigrant homeowner group
• A new report indicates that immigrant homeowners have positive impact on urban growth, and that such areas should examine how to better support immigrants groups to buildcommunity

"Immigrants have helped stabilize and strengthen the housing market throughout the recovery,"

Read more: http://www.housingwire.com/articles/39837-immigrants-seek-to-own-homes-in-the-suburbs