Items Tagged with 'Immigration'

RSS

To probably no one’s surprise, affordable housing continues to worsen in buyer and rental markets. But this could take a positive turn in 2018 as many experts continue to predict the market is shaping up for a construction boom. Unless, of course, the administration’s immigration policies continue to deplete the much-needed construction labor force.

U.S. Department of Housing and Urban Development Secretary Ben Carson delivered a speech to his new employees that set one part the web ablaze. After referring to slaves as some of the U.S.’s first immigrants, the secretary faced high levels of criticism on one particular chat platform. But HUD quickly came to Carson’s defense.

Zillow lists six predictions for housing in 2017. These predictions touch on some of this year’s key topics including immigration, Millennials and new home construction. Compare and contrast Zillow’s prediction with others from the housing industry.

Immigrants are gaining on native-born citizens when it comes to homeownership rates. In one state the gap is less than 10%. While native-born citizens have the same homeownership rate as in 1994, the rate for immigrants’ has improved.

There’s one less-noticed factor that is impacting the current shortage of cheap service labor and affordable housing: the education level of immigrants is rising. It’s important to note that there’s nothing wrong with this, but people should be prepared for this shift.

Many blame illegal immigrants for taking our jobs. But how true are those claims really? A recent report from Goldman Sachs provides a deeper look into the subject.

Up 22% from last year, the Dallas-Fort Worth market seems to be booming. There is one factor, however, that is keeping it from reaching its full potential.

Despite all the media attention focused on Hispanic immigrants, the fastest-growing group of immigrants is actually Asians and, more specifically, Indians. Indians as well as Chinese-Americans are also more likely to own than rent.

With the recent announcement of President Obama’s Executive Order on immigration reform, responses from both sides of the political spectrum have been mixed. However, the reform can be expected to spur new opportunities for growth in the housing market.