Report: Immigrant homeownership remains steady
May 13, 2009
The rate of homeownership in the United States is holding up better among immigrants than it is for native-born Americans, according to a study released yesterday.
The study, by the Pew Hispanic Center in Washington, analyzes housing, economic and demographic data from government agencies and private sources. It found that although immigrants are far less likely than their native-born counterparts to own a home, the rate of homeownership for immigrants during the housing bust has declined at a much slower pace than it has for those born in this country.
'Contrary, perhaps, to common perception, immigrants have not really fared as badly as one might have expected,' said Rakesh Kochhar, an economist with Pew and an author of the study. 'The forces of assimilation seem alive and well and have guided them through the troubles in the housing market.'
The Washington Post
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