Immigrant Homeowners Bolster The US Housing Market

Immigrants Have Significant Impact On Housing Market
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In this Jan. 5, 2013, photo a "for sale" sign is seen outside a home in Glenview, Ill. Five of the biggest U.S. banks have cut struggling homeowners' mortgage balances by $19 billion, part of a total $45.8 billion in relief provided under a landmark settlement over foreclosure abuses. (AP Photo/Nam Y. Huh)

Immigrant homebuyers have bolstered the housing market across the country in the past decade and will continue to fuel demand at least through 2020, according to a new study.

Foreign-born buyers accounted for the bulk of growth in homeownership in states with large immigrant populations and helped offset a decline of purchases by U.S. natives in other areas, according to the report prepared by University of Southern California demographers for the Mortgage Bankers Association.