Tag Archives: 3 Million New Home Owners Could be on the Horizon

The National Association of Hispanic Real Estate Professionals estimates that immigration reform could bring an estimated pool of 3 million new home owners into the market. The nonprofit trade association estimates that current legislation proposing to give legal status to some immigrants has the potential to generate $500 billion in real estate transactions over a five-year period. Current legislation calls for the legalization of some 11 million undocumented immigrants who arrived in the country before Dec. 31, 2011. “Foreign-born householders have a high value and strong desire for home ownership,” […]