Immigrants may give slumping U.S. housing market a boost
Immigration at a seven-decade high helped provide the demographic power that propelled U.S. home sales to five consecutive record years.
“As the market slows, economists say demand from new arrivals will keep growing.
“Immigrant demand isn’t going to ensure a soft landing, but it might help revive the housing market in a year,” said Mark Vitner, senior economist with Wachovia Corp. in Charlotte, N.C”
Source: More information in English / Mas informacíon en Ingles
Fuente Traducido: usando Google o Altavista/Babel Fish
Posted on:
September 24th, 2006
Fuente Traducido: usando Google o Altavista/Babel Fish
Curation from Tomás
Filed Under: Business, Top Stories
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