The recent trend of immigrants arriving in mid-size metropolitan areas has received growing attention in the literature. This study examines the success of immigrants in the housing markets of a sample 60 metropolitan areas using Census microdata in both 2000 and 2005. The results suggest that immigrants are less successful in achieving homeownership and more likely to live in overcrowded conditions than native-born whites of non-Hispanic origin. The immigrant effect on homeownership differs by geography and by immigrant group. Finally, we find evidence that immigrant networks increase the likelihood of becoming a homeowner.
Richard Green is a professor in the Sol Price School of Public Policy and the Marshall School of Business at the University of Southern California. This blog will feature commentary on the current state of housing, commercial real estate, mortgage finance, and urban development around the world. It may also at times have ruminations about graduate business education.
Tuesday, March 23, 2010
My Colleague Gary Painter writes about the Impact of Immigration on Midsize City Housing Markets
The abstract:
I'd love to see the link to the original research. One notable condition of the 2000-2005 era is extremely large increases in housing prices, even for very poor quality properties. While poor in material wealth, immigrants tend to have a super-abundance of energy and ambition--just the kind of person you would expect to purchase a 'fix 'er upper'. However, between 2000 and 2005, even those types of houses were relatively expensive.
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