Immigrants may give slumping U.S. housing market a boost

Posted on: September 24th, 2006
Filed Under: [ Business ] [ Top Stories ]
Knowledge is Power!
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”

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