Skip to content

Homeownership common among the foreign-born

Homeownership rate is quite high among the foreign-born population in America.

While many immigrants living in the U.S. have been able to send money overseas to their families in recent years, they’ve also been earning enough to put money down on a home of their own, recent statistics reveal.

According to the latest numbers from the U.S. Census Bureau, more than half of foreign-born U.S. residents – 52 percent – owned their very own property in 2011, the latest year for which data is available. This contrasts with about a 67 percent homeownership rate for U.S. residents and citizens who were born in the country.

While the rate of homeownership was high among all foreign-born residents, it’s particularly common among individuals who’ve naturalized. The Census report notes that foreign-born residents who’ve gone through the naturalization process were more likely to be homeowners, as approximately two-thirds of them could be classified as owner-occupiers. The rate of homeownership among non-citizens, meanwhile, was 34 percent.

Elizabeth Grieco, chief of the foreign-born population branch at the Census, indicated that homeownership is something virtually every American hopes to achieve at some point in their lives and it’s clear that those who came here from overseas have similar aspirations.

“Homeownership is a goal shared by many residents of the United States, both native- and foreign-born, citizen and noncitizen,” said Grieco. “For immigrants in particular — who maintain nearly one in seven households in the U.S. – making the transition from renter to homeowner represents a significant investment in the United States.”

Lengthy stays increase likelihood of homeownership
And it appears as though that the longer immigrants have been in the U.S., the more likely it is that they wind up purchasing a property eventually.  For example, among foreign-born householders that came to the U.S. 33 years ago, approximately 75 percent owned their own residence as opposed to rented. Meanwhile, among individuals who have lived in the U.S. in the past 13 years, about 25 percent owned rather than rented.

There were also some disparities when it comes to where immigrants lived. Among foreign-born householders who live in the Northeast, the rate of homeownership was above the 52 percent average in parts of New York and Pennsylvania. In fact, throughout much of New Hampshire, the foreign-born homeownership rate was in excess of 60 percent.

According to the Immigration Policy Center, there are about 69,500 immigrants who live in the Granite State, 54 percent of whom are naturalized.

There was a tremendous amount of variability from one state to the next outside of the Northeast. For example, New Mexico’s homeownership rate among foreigners was in excess of 60 percent, but it was below 40 percent in Washington, D.C. 

There was also some level of unpredictability for homeownership among foreign-born householders who originated from certain parts of the world. For instance, the rate of owner-occupied status was under 40 percent among households headed by someone who was born in Africa, which contrasts with 66 percent of Europeans.

The Census Bureau’s statistics coincide with those released by the National Association of Realtors this past June. In its Profile of International Home Buying Activity, NAR notes that residential purchases among the foreign-born totaled $82.5 billion between March 2011 and 2012, up from $66.4 billion when contrasted with the same 12-month span the previous year.

International buyers represented the largest portion of real estate purchases in states where the immigrant population is high, including Florida, California, Texas and Arizona, NAR numbers show.

Read more from Other
  1. Sep 22 2013

    What’s Taking place i am new to this, I stumbled upon
    this I’ve found It absolutely helpful and it has helped me
    out loads. I’m hoping to contribute & help different users like
    its helped me. Great job.

  2. Sep 27 2013

    You state: Eventually, the new recession will cause a lot of dutfelas, but what we are interested in is not the dutfelas caused by the recession but the dutfelas that caused that recession. Why chose between recession-caused dutfelas or default-caused recession? Even discounting normal (recession neutral) or recession-caused dutfelas leads to an understatement of the sought after magic at blame dutfelas causing the recession because the net default difference is necessarily defined as dutfelas causing the recession -the only other category identified. The default pool remaining after discounting recession-neutral or recession-caused dutfelas likely still includes both of those categories. If the recession itself and the recession-causing (I’d say contributing ) dutfelas are the result of the same cause, aren’t there likely to be included among the discounted recession-caused dutfelas many that should be lumped with recession causing ones -i.e. recession-caused dutfelas specifically caused by THAT particular recession? We’re trying to identify blame, not blame a particular default type and many from each category share the same blame artificial manipulation of the credit markets. If Bush sought to add 5.5 million homeowners to a nation that has approx 8 million new and existing home sales annually (even if the 5.5 is spread out over several years), that is a massive and wildly unnatural increase in demand. Please don’t forget the regular and non-minority loan applicant who would have qualified for, say, a $150k mortgage based on income, assets, credit score, proforma debt ratios, etc. When CRA approves that $150k at lower credit worthy levels of each, the original $150-qualified borrow and lenders extrapolate to develop a market for CRA-proportional credit the non-minority who saved and paid bills for $150k approval fills out the application for new no stated/verified Jumbos. I still don’t buy that minority dutfelas caused the recession. Qualified non-minorites necessarily then qualified for greater debt than THEY could afford -larger values of risky loans by a larger number of (non-minority) borrowers. Equal opportuniy for the un- or under-qualified. Granted, equal opportunity created for a minority-speific purpose. Minorities aren’t to blame, their kidglove fondlers like Barney Frank are.So home prices at entry level soar (as they did) which either pushes entry level homeowners up a level (elevating owners of each level in turn) or entry level homeowners remain and borrow (and SPEND!) against equity. Both grow the economy wouldn’t $10T in annual consumer spending get a boost from $5T in paper real estate gains essentially converted to credit cards? But that growth (not only for continuation but to be preserved at some level) would seem to require continued demand. However, home ownership remained at fairly steady percentages of the population or grew manageably in pre-CRA America in the face a market equilibrium. This isn’t a typical recession. It is a ponzi bubble. And its bursting (causing a recession ) is sibling to the dutfelas causing (or rather contributing) to it.The question isn’t recession-caused or recession-causing dutfelas. No need to disaggregate. The question is what percentage of the chicken and egg mess is the result of the same thing overriding all private, centuries’ proven bank management and a race neutral credit market that is the minimal-margin-for-error base of our entire economy to advance social theory and transfer wealth to political constituencies. Note: just observation made by a non-professional, could well be missing important facts or entirely wrong.

  3. Sep 28 2013

    JvJVRz I am so grateful for your article.Really looking forward to read more. Great.

  4. Oct 1 2013

    Thanks for the post.Thanks Again. Really Cool.

  5. Oct 1 2013

    I cannot thank you enough for the article. Fantastic.

  6. Oct 1 2013

    Very informative blog.Thanks Again. Really Cool.

  7. Oct 1 2013

    Thank you for your blog article.Thanks Again. Fantastic.

  8. Hey, thanks for the article.Much thanks again. Fantastic.

  9. Oct 2 2013

    Im thankful for the blog.Much thanks again. Want more.

  10. Thanks for the article post.Much thanks again. Really Cool.

  11. Looking forward to reading more. Great post.Really thank you! Keep writing.

  12. Oct 2 2013

    Really appreciate you sharing this article post.Thanks Again. Really Cool.

  13. Oct 2 2013

    Thanks again for the article post.Really thank you! Great.

  14. I really liked your blog.Really thank you! Cool.

  15. Oct 2 2013

    Very informative article post.Thanks Again.

  16. Muchos Gracias for your article post.Much thanks again. Fantastic.

  17. Oct 3 2013

    I think this is a real great blog article.Thanks Again. Great.

  18. Very informative blog.Much thanks again. Want more.

  19. Oct 3 2013

    Say, you got a nice article post.Really thank you! Much obliged.

  20. Oct 3 2013

    Thanks for the article post. Awesome.

  21. Very informative blog article.Really looking forward to read more. Cool.

  22. Oct 3 2013

    I really enjoy the blog post.Really looking forward to read more. Really Great.

  23. Oct 3 2013

    Here are a few of the web pages we suggest for our visitors

  24. Oct 3 2013

    Below you will uncover the link to some web-sites that we feel it is best to visit.

  25. Oct 4 2013

    Adult xnxx webcam sites allow people to cum’ together…
    Come visit our xnxx website: xnxx

  26. Thank you for your blog post.Really looking forward to read more. Awesome.

  27. Oct 4 2013

    I’m extremely impressed with your writing abilities and also with the structure to your blog.
    Is that this a paid subject or did you customize it yourself?
    Anyway stay up the excellent high quality writing, it’s uncommon
    to look a great blog like this one today..

  28. Oct 4 2013

    Very informative post. Really Cool.

  29. I really enjoy the blog article.Really looking forward to read more. Much obliged.

  30. I think this is a real great post.Really thank you! Cool.

  31. Oct 4 2013

    We came across a cool web page which you could possibly take pleasure in. Take a search when you want.

  32. Hey, thanks for the blog. Much obliged.

  33. Oct 4 2013

    I cannot thank you enough for the post.Really thank you! Really Great.

  34. Oct 4 2013

    Great, thanks for sharing this blog article.Really looking forward to read more. Really Great.

  35. Oct 4 2013

    Really enjoyed this article post.Really looking forward to read more. Fantastic.

  36. I really liked your blog article.Really thank you! Will read on…

  37. Oct 4 2013

    Heya just wanted to give you a brief heads up and let you know a few of the pictures aren

  38. Oct 4 2013

    very good post. Ne

  39. Oct 4 2013

    I truly appreciate this article post.Really looking forward to read more. Want more.

  40. Really informative article post.Thanks Again.

  41. Oct 5 2013

    Appreciate you sharing, great article post.Much thanks again. Awesome.

  42. Oct 6 2013

    This blog actually is good. How was it made ?

  43. Oct 6 2013

    Very rapidly this site will be famous among all blogging and site-building people, due to it’s good articles
    or reviews

  44. Oct 6 2013

    Perfect function you’ve got done, this internet site is really cool with exceptional details.

  45. Oct 7 2013

    Very informative article. Awesome.

  46. Oct 7 2013

    I’m really enjoying the design and layout of your website.

    It’s a very easy on the eyes which makes it much more pleasant for me to come here and visit more
    often. Did you hire out a developer to create your theme? Excellent work!

  47. Great, thanks for sharing this article.Thanks Again. Keep writing.

  48. wow, awesome article.Really thank you! Much obliged.

  49. Oct 7 2013

    Really appreciate you sharing this article.Really looking forward to read more. Keep writing.

Trackbacks & Pingbacks

  1. Springfield Missouri Private Investigator
  2. click for more
  5. hemoroizi externi
  6. bed bug removal
  7. come fare soldi con internet
  9. Search Rex
  10. click here
  11. Electrician Durham
  12. internet business ideas
  13. maketplace to sell electronics online
  14. casino bonus senza deposito
  15. free e cigarette
  16. garcinia cambogia extract
  17. water ionizer scam
  18. UATWPtIzlf UATWPtIzlf
  19. find more about it here
  20. visit site
  21. pop over to this website
  22. IoMXMhSeyD IoMXMhSeyD

Comments are closed.