New study: Immigrants Boost Housing Market by $3.7 Trillion

By admin June 21, 2013 17:55

Immigrants have boosted the value of the U.S. housing market by a whopping $3.7 trillion from 2000 to 2010, according to new data co-published by the Americas Society/Council of the Americas and the Partnership for a New American Economy.

The organizations say the data, available in the form of an interactive map, shows how the country’s 40 million immigrants have helped to stabilize home prices across the country, particularly in areas that otherwise might have seen home values decline.