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“After 12 years of increases, home ownership declined slightly last year in the United States as home prices kept many prospective buyers in the rental market. Of course, a softening market could lead to a rebound in ownership rates in the coming years, but another source of momentum could come from a different source: immigrants.
Even as immigration levels surged in the last several years, homeownership rates among Asian-Americans and Hispanics, who make up a majority of immigrants, continue to lag behind the rate of non-Hispanic white Americans, according to a recent report by Harvard University’s Joint Center for Housing Studies.”
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