How Immigrant Neighbors Make You Richer

I'm sure many people never expected this to happen, and it is good news. These people are getting good prices on the houses they are buying and they are keeping neighborhoods alive and thriving.  - - Donna Poisl

By TED HESSON

Immigrants help stabilize the U.S. housing market and represent trillions of dollars in housing wealth, according to a report released Thursday.

The report found that immigrant homeowners help build up less-popular areas, making real estate investments that eventually draw in more residents.

Jacob Vigdor, a professor of public policy and economics at Duke University and the researcher who compiled the report, said that the trend is happening across the country.

"They've taken what would have been a downward spiral and they've stopped it and reversed it," he said.
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