Thursday, October 14, 2010

Immigration and the housing glut

Another reason we need immigrants. - - Donna Poisl

Posted by Nin-Hai Tseng, reporter

Why are so many homes still sitting vacant? The U.S. Census offers some clues: falling immigration and more doubling up by young people.

The glut of vacant homes has helped send home prices on a downward spiral for years now. Most real estate experts blame record foreclosures for the excess inventory, but a new report says there are other factors contributing to the oversupply of housing units on the market.
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