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Greg Siskind on Immigration Law and Policy

Latino Realtors Estimate Immigration Reform Would Result in Millions of New Home Sales

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From the National Association of Hispanic Real Estate Professionals:



If current legislation that creates a path to legalization for 11
million undocumented immigrants is passed, the nation's Hispanic real
estate leaders estimate that it would create a new pool of 3 million
homeowners and pump more than $500 billion* in sales, income and
spending into the U.S. housing economy. According to an info graphic
released today by NAHREP, the chain reaction triggered by home purchases
would drive demand for more than $500 billion in real estate
transactions and an additional $233 billion in origination fees, real
estate commissions and consumer spending associated with homeownership. A
copy of the info graphic is available at http://nahrep.org/immigration-reform.




Based on previous estimates from analysts, NAHREP officials calculate
that as many as 6 million undocumented immigrants are likely to pursue
legalization and possibly citizenship under the bill and up to 3 million
would pursue homeownership based on the patterns of naturalized
Latinos.




"Foreign-born householders have a high value and strong desire for
homeownership," said Juan Martinez, NAHREP president. "They have been
here in our midst for years, working and participating in our economy.
Legitimizing them through immigration reforms would finally give them
the access and the confidence to buy homes."


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Comments

  1. Bitter truth's Avatar
    Anyone against Immigration reform now is just not anti-minority but anti-american. Tea party listen up!
  2. Jack's Avatar
    Double bias: industry shills combined with ethnic in-group bias.
  3. CIR2013's Avatar
    LOOKS LIKE JACK FELL DOWN AND BROKE HIS CROWN BUT THE BILL IS STILL COMING AFTER HAHAHAHAH
  4. S's Avatar
    I guess lot of these folks will be able to buy the houses for cash .

    http://www.politico.com/story/2013/06/gop-immigration-supporters-face-back-tax-dilemma-92124.html?hp=l6
  5. Max's Avatar
    That's bad news, because real estate prices are already high, and increasing demand won't help to get them down
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