At 34 years old, Manny Pacquiao is still a young man, who no doubt has a lot of life left to live as one of the best pound-for-pound boxing champions his home country – and the boxing world in general – has ever seen. But there has been some speculation that the Fighting Pride of the Philippines will hang up his gloves in the not-too-distant future and further pursue his political aspirations.This has left some people to question who might fill his shoes when he decides to leave the squared circle for good.
That said, a new Filipino-born pugilist has been gaining notoriety in the boxing profession by the name of Nonito Donaire.
Described as the "Filipino Flash" by his fan base, Donaire isn't exactly a fresh face, as he turned professional back in 2001. As with other boxers, once he got into the profession, many of his bouts weren't highly publicized. Over time, though, he has gained somewhat of a following because of the success he's had.
For example, less than a year after turning pro, the 30-year-old defeated Kaichon Sor Vorapin, earning himself the World Boxing Organization Asia Pacific flyweight title, which was held by no one prior to his claim of the crown. It wasn't simply that he beat Sor Vorapin that impressed boxing experts, but how quickly and the way in which the contest was one, scoring a knockout mere minutes into the second round.
After notching several more victories – some coming by knockout, others by decision – Donaire went on to win the International Boxing Federation and International Boxing Organization Fly Weight World Titles after defeating Vic Darchinyan in July 2007. The Armenian southpaw was undefeated prior to losing to Donaire in the fifth round. And once again, as with his other matches, Donaire's performance in the ring earned him not only championship belts but also the highly sought after designations for delivering the "Knockout of the Year" and "Upset of the Year," which The Ring Magazine determines on annual basis.
Donaire has lost only once
Since these notable victories, Donaire has gone on to prove that he can compete with the boxing world's most elite. With an amateur record of 68 wins and 8 losses, many boxing aficionados would call that type of record one worthy to be proud of. His professional record has been even more impressive. In the 32 occasions in which he's fought as a pro, he's won 31 times, notching 20 knockouts in the process. His only loss came mere months after he turned pro, falling to Rosendo Sanchez by way of decision. Even today, many people believe that Donaire was the better performer.
On April 13, the Filipino Flash – who Ring Magazine calls the fourth-best pound-for-pound boxer in the industry – puts his near perfect title to the test when he faces Guillermo Rigondeaux. In 2012, Donaire fought on four separate occasions, but this matchup will be his first bout of 2013.
Donaire recently indicated that he's ready for whatever Rigondeaux brings.
"I watched Rigondeaux's last fight with [Robert] Marroquin and he's pretty decent," said Donaire recently, according to ESPN. "He's pretty good at countering, so I was getting excited about fighting him. It's a good fight. I look forward to taking that belt. That's my goal."
Should Donaire improves his record, he won't be making a money transfer to the Philippines for his family back home after he collects his earnings. However, he does hope to settle down relatively soon.
"I will do as much as I can this year, but my primary thing this year after this fight is having a family," said Donaire, ESPN reports. "I can win titles and more titles and it pays the bills but I also want to be a good father and husband."
People looking to send money to their families by utilizing a unique skill or sphere of knowledge may now be able to live in the U.S., thanks in large part to what they can bring to the American workforce and economy.
As of March 15, the U.S. Citizenship and Immigration Services has begun accepting H-1B applications, which are given to foreign workers who have a background in a special field of study. These visas benefit both the worker and the business, as they allow those who wish to come to the U.S. with a means of entry and business owners get to take advantage of talented workers.
The earlier that foreign citizens apply, the more likely it is that they'll be able to be considered. USCIS notes that a maximum of 65,000 applications will be accepted for the 2014 fiscal year, which will begin on October 1.
However, there are some caveats to this rule. For example, people with advanced degrees are in high demand, mainly because they can be hard to come by. This means that approximately 20,000 H-1B petitions that are filed among people with master's degrees will not count toward the maximum allotment. In other words, 20,000 petitions will be exempt from the fiscal year cap of 65,000.
Cap number to be reached quickly
Since USCIS began the H-1B petition program, it's been quite popular, and the requests have always outnumbered the number of spots available. Officials expect the same this time around, as the applications that pour in will likely exceed the cap within a short period. USCIS says it took approximately two and a half months for the cap to be reached last year, 235 days in 2011 and 300 days in 2010. Based on recent history, immigration experts speculate that application activity will probably spike between April 1 and April 5.
If the amount of applications go above and beyond the maximum allotment, USCIS says it will do what it's done in the past, which is to implement a lottery-based system. This method will "randomly select the number of petitions required to reach the numerical limit. This mode of selection hasn't been implemented with great frequency, as the last time it was used was in April 2008.
Though these applications are used by a wide variety of people with various nationalities, they are one of the most sought after forms of visa by many people who send money to India and are native to the country, according to the Press of India. Scientists, engineers, information technology professionals and computer programmers are just a few of the professions who would likely choose an H-1B non-immigrant visa.
For more information on H-1B applications, how much they cost and how quickly they are processed, workers are asked to visit USCIS's website, where they will be directed to a web page that has in depth information all about the program.
It's little wonder that so many businesses in the U.S. today rely on H-1B applicants, as foreign workers represent a large percentage of today's workforce. According to a report from the Center for Immigration Studies, between 2000 and 2010, virtually all of the net growth in jobs went to immigrants in this 10-year period, even though immigrants represented one-third of population growth. In addition, there's been an increase of 4.5 million immigrants working in the U.S. in this decade versus a 1.1 million decline in native-born workers.
Similar to other countries, Mexico sees it's fair share of crime each year, despite officials' best attempts to quell the rate of violence on city streets and within communities. While these safety concerns are important to address and require 100 percent effort from locals committed to tamping down disorderly conduct, many Mexicans have been able to counter crime. They've done this through song and dance, effectively recommitting themselves to what makes up a significant component of Mexican culture.
According to Highbrow Magazine, many Mexican youth have turned to music to air their frustrations about the rate of violence in the country, particularly in Ciudad Juarez. While music serves as the vehicle in which to impart what these youth feel about the high rate of crime, what their most concerned about is that their message gets through to those who listen loud and clear. That's because these youth have developed a new genre of music called "Nueva Ola Fronteriza," or new border wave.
What gives the genre its distinction is how it differs from some of the genres that are in vogue today. The magazine notes that several types of music, such as "Narco Corridos," or drug ballads, foolishly sensationalize the illegal narcotics culture in Mexico, which is further exacerbated by drug cartels that mass produce and sell them.
The wholesome, positive message emanating from nueva ola fronteriza has helped make some bands in Mexico household names. Highbrow Magazine reports that Maldita Vecindad has become so popular that major advertisers now send money to the band members when they promote their products.
Music industry professionals believe new genre is built to last
The ultimate goal of bands like Maldita Vecindad and Pajaros Sin Alas – roughly translated as Birds Without Wings – is to replace the narco corrido genre with nueva ola fronteriza, not only in Mexico, but throughout the world. The magazine notes how since 2004, bands that sing songs glamorizing the drug culture in Mexico have gained somewhat of a following in the United States. In fact, the genre produces an estimated $300 million per year for the music industry in Mexico, according to estimates from the BBC. Los Angeles is perhaps the drug ballad genre's largest market. Los Tigres – a popular band whose songs fall into this classification – sold 500,000 copies in the U.S. after the release of its latest album, many of which were in California's most-populous city.
Officials are hopeful that the glory days for these bands that sensationalize drug use are numbered, as already, stadiums that were once filled with people celebrating narco corrido are now brimming with people swaying to the tunes of the new border wave genre, Highbrow Magazine reports.
Dancing and music are emblematic of Mexican and Latino culture. Recently, Latino Appreciation Day was celebrated in Salt Lake City, Utah at the Capitol Building. One of the ways in which the city recognized the occasion was through a performance done by Viva El Folklore, who went through an elaborate dance routine in front of dozens of Utahns on March 13.
Latino music, of course, isn't confined to Mexico. Variations on the genre are found throughout South America, especially in Brazil. According to Fox News Latino, with Brazil hosting the 2016 Summer Olympics, there's been a renewed sense of interest in Brazilian music throughout the world, led by popular artists like Lucenzo, Taio Cruz, Jarina De Marco and Nelly Furtado.
Whether people send money abroad or to a family member that lives within the U.S., they often do so because they love them and want them to live more comfortably. And as a new study shows, many minorities today are also putting more of their money away for their loved ones to use at a later time so that they won't have to worry about medical expenses once they get older and are in need of care.
The report, which was conducted jointly by the State Farm Center for Women and Financial Services as well as the American College of Financial Services, found that six in 10 women of color save money for retirement, primarily so that they won't be a financial burden for their kids should they become infirm in their latter years.
What was particularly noteworthy was the way in which women are saving and how they saved depending on their ethnic background and economic status. For example, the report found that Asian women who earned more than $75,000 per year made saving more of a priority than did women of the same ethnicity but whose annual salary was less.
This shouldn't suggest, however, that people who earn less aren't just as concerned about saving money for their children once they become adults. The poll also found that regardless of personal economic circumstances, women found a variety of ways in which to save money.
Sophia Duffy assistant professor of employee benefits at The American College, noted that defined benefit company pension plans are becoming less frequent number, mainly because employer are cutting them in order to save on costs.
"Personal savings must be encouraged if individuals are to achieve financial security in retirement," said Duffy.
Cost of living heavy load for many minorities
Another potential reason for why many minorities are putting an emphasis on saving for their kids may stem from the cost of living. According to a newly released report, which was conducted jointly by the Poverty and Race Research Action Council as well as the National Low Income Housing Coalition, close to 50 percent of today's African American and Hispanic families face challenges when it comes to housing costs.
Based on cost of living calculations and average salaries, NLIHC indicates that someone who who works at least 30 to 40 hours per week has to earn approximately $19 an hour if they want to rent out a two-bedroom apartment affordably. Housing experts say that, ideally, no more than one-third of an individual's salary should go toward rent costs.
However, approximately 48 percent of African American families do not have the type of income they would need to fulfill this ideal. A similar percentage – 46 percent – of Hispanics face similar financial straits.
Phillip Tegeler, president of the PRRAC, indicated that these results are truly sobering and ought to send a message to legislators that more needs to be done to support hard working Americans who are making less than they're worth.
"Finding affordable housing is a challenge for all low-income Americans, but our analysis demonstrates it is even more burdensome for families of color," said Tegeler. "This should be a wake-up call for the administration and Congress that addressing housing costs, and creating more affordable housing, must be a national priority."
The NLIHC recently released a separate report on how many hours the average person has to work in order to afford an apartment. Some of the best places were in the Midwest – such as North Dakota, South Dakota and Kansas – as low rent rates enabled renters to do more with their money while spending less time on the job.
When workers have some spare cash and their families are taken care of after completing a money transfer, sports fans will splurge now and then on some NBA tickets, where they can witness live and in person the world's best basketball players taking center state. And with many of the NBA's fans originating from Latin America, over the past several years, the players within the league have acknowledged them with a special recognition program.
Since the 2006-07 season, the National Basketball Association has paid tribute to its fans with Hispanic and Latino roots with its "Noche Latina" program, which is Spanish for Latin Night. In the cities where the Hispanic community represents a considerable share of the overall population, the players wear special jerseys. For example, when the Miami Heat are playing at home, jerseys read "El Heat." And in San Antonio, the Spurs wear jerseys that say "Los Spurs."
Other cities that participate in Noche Latina are Orlando, Los Angeles, Phoenix, Chicago and New York.
Saskia Sorrosa, vice president of Hispanic marketing for the NBA, said that this outreach program has benefited both the players and the league's most diehard fans.
"The Noche Latina program is the perfect example of the ongoing commitment by the NBA to celebrate diversity as part of the fabric of our game," said Sorrosa. "This month-long celebration will bring the excitement of the NBA to Hispanic fans in ways that are culturally relevant."
Since the program was first launched seven years ago, players wore the jerseys during the month of March. They continue to do so today, as many of the games that have been played in the third month of the year have brought considerable attention from fans as well as the media. The first Noche Latina game was played on March 2 between the Chicago Bulls and Brooklyn Nets at the United Center.
It isn't just different uniforms that makes Noche Latina games special. Fans – whether they're of Hispanic descent or not – are encouraged to participate in the celebration as well, as the home team will play Latin-inspired music during time-outs and at halftime. Prizes and competitions take place during breaks in the action also.
The NBA announced 15 Noche Latina games for the month of March. While many have already passed by, there are still several that have yet to be played, including one on March 14 when Los Spurs play the Mavericks, March 22, which pits El Magic against the Oklahoma City Thunder. March 27 will close out the schedule, as Los Bulls face the league's best team – El Heat. The NBA champion Heat are currently on a 20-game winning streak, with a 49-14 win-loss record.
Hispanic players well represented in NBA
Over the years, the NBA's players have become increasingly diversified, as many players originate from overseas. There are currently 18 foreign-born Hispanic players in the league, including Luis Scola of the Phoenix Suns, Manu Ginobili of the San Antonio Spurs, Gustavo Ayon of the Milwaukee Bucks and Ricky Rubio of the Minnesota Timberwolves.
The NBA as a brand hasn't only made inroads among Hispanic countries. It's also earned a following in other countries that aren't known for basketball, such as China and India.
Matthew Brabants, vice president of business operations for global media distribution, told The Boston Globe that the NBA understands the importance of sports for many countries and isn't trying to replace national pastimes.
"We're not trying to take on cricket," said Brabants, referring to India. "But if we could be a strong number two in a country like India with more than a billion people, well, that's a pretty great feat."
In partnership with The Urban Land Institute, global banking firm Citi and business publication The Wall Street Journal declared Medellin, Colombia to be the winner of its annual "City of the Year" competition.
Each year, these organizations field hundreds of thousands of entries from people around the world who submit suggestions for the city they believe to be the most innovative, based on the urban centers that are located in the metro area. The list was narrowed down to 200 cities after organizers for the contest evaluated the various cities' characteristics, such as how efficiently land was used, investments made in economic development, educational successes and human capital investments, infrastructure as well as the potential for future growth.
After much debate, Medellin earned the title, narrowly beating out Tel Aviv and New York City.
Anthony Cenname, publisher of The Wall Street Journal Magazine, said Medellin's recognition as a paragon of innovation and improvement is richly deserved.
"Medellin stands today as an example for many cities around the world, because despite having lived very dark and difficult times 20 years ago, [they] have been undergoing a true metamorphosis," said Cenname. "Going from pain and fear to hope, and now from hope to be a place filled with life, the city has known how to innovate in every step, both in social programs, urban developments or the combination of both and this has been key in the success of this process."
Bernardo Norena, president of Citi Colombia, added that the City of the Year designation does wonders for Medellin's people, as it may encourage more investors to devote their resources toward the city, providing a better life for the country's citizens overall.
Medellin Mayor Anibal Gaviria couldn't be happier about Medellin's coronation, stating recently that the recognition is a "reason for joy on the part of every one of the 2.5 million inhabitants of our city," according to BBC News.
Medellin now seen in more positive light
At one time, Medellin received a considerable amount of press coverage due to having a high crime and drug rate. In 2012, The New York Times published a piece on the annual homicide rate in Medellin, which 20 years ago was 381 for every 100,000 people – one of the highest rates in the world.
But city organizers have been able to deal with the crime issue by implementing sweeping reforms that have enabled officials to crack down on crime and bring a greater sense of safety to the city's 2.7 million inhabitants, according to Census data.
Perhaps the best indication of its safety is how popular the nightlife has become in Medellin. Author and New York Times contributor Henry Alford recently wrote an article about his experience in the metro area that locals like to call "Ciudad de la Eterna Primavera," or the City of the Eternal Spring. He noted that area bars and restaurants were bustling with people, many of whom had their eyes glued to mounted television sets that were showing a soccer game being televised. Similar to what football is in America, soccer is to Colombia, as it's a passion for many of the city's people.
Restaurant dining is similarly popular with eateries like Carmen, Bonuar and Ajiacos y Mondongos providing a variety of local favorites like tripe soup, ajiaco and cazuela con frijoles, or beef with beans.
Thanks to their work ethic and determination, few things can get in between an immigrant and his ability to send money home to his family, as sickness, poor weather and physical ailments often prove to be no match for their drive and perseverance.
But every now and then, physical disabilities – which may have occurred while on the job – prevent even the most persistent person from being able to head to work on a given day.
With this in mind, the New Hampshire Coalition for Occupational Safety and Health recently released the results of a poll, detailing immigrants and their work safety based on the responses from 366 immigrants, two-thirds of whom responded to the survey.
In addition to getting an idea of how many immigrants have been injured while on the job, the report also provided information on the jobs foreign-born workers are taking on in the Granite State. While immigrants are found in virtually every employment sector, the report found that they were usually in factory sectors, as well as cleaning services, food services, farming, construction and retail.
While all jobs carry a certain level of risk, as accidents can occur even in positions that aren't especially dangerous, a fairly small percentage of immigrants indicated that they were injured while on the job. Of the 10 percent of respondents who said that they had been injured, the most common injuries reported were to the extremities, specifically the hands, fingers, wrists, feet and elbows. There were a small number of injuries to the back and stomach as well among the 29 people who said that they'd been hurt on the job.
Because of immigrants' resilience, it may not come as a surprise as to how many of them stayed in their positions despite their injuries. Approximately seven in 10 respondents said that they "always" or "sometimes" maintained their post for whatever job they were involved with, even though doing so was sometimes tiring or painful.
Immigrants often unaware of workers' compensation
When workers get hurt while working, they are entitled to workers' compensation. Many small business have this type of insurance protection, which enables them to provide payment for their workers should they encounter an injury or illness that prevents them from being able to work.
The study found, though, that many immigrants were not aware that their company had this type of coverage that they could take advantage of. More than 60 percent of immigrants said that they didn't know about workers' compensation.
This report will likely help business owners better understand their employees and why it's important to make them aware of certain protections they have in the event they can't work for health-related reasons.
New Hampshire isn't known for being a major hub for foreign residents, as the immigrant population there is a fraction of what it is in states like Illinois, Florida, California and Texas. But the Granite State is slowly but surely seeing its population become more diverse. According to the Carsey Institute at the University of New Hampshire, slightly more than 5 percent of the state's population is made up of immigrants. However, that's a full percentage point higher than in 2000. In addition, the relatively small share of foreign-born residents produced 50 percent of the state's population increase in between 2000 and 2010.
Numbers from the Immigration Policy Center indicate that New Hampshire has 69,700 foreign immigrants currently living within the state, nearly 55 percent of whom have been naturalized.
Xoom Changes the Game with “POWR”– Customers Pay Nothing Until Money Sent is Received by Their Loved Ones
Feel the POWR: “Pay Only When Received” — Another Xoom Innovation in Remittance
SAN FRANCISCO, CA, March 13, 2013 –Xoom Corporation (NASDAQ: XOOM), a global online money transfer provider, is launching POWR, or Pay Only When Received, a breakthrough initiative that gives customers assurance that Xoom will not withdraw a dime from their bank accounts until the money is received by their loved ones.
POWR is available beginning today to qualifying Filipino remitters who choose to send with their bank account. Xoom is unlike other money transfer companies in that Xoom will only withdraw the total amount of the money transfer once the money has arrived.
“With POWR, we show once again how Xoom is revolutionizing money transfers,” says Julian King, Xoom’s Senior Vice President of Marketing and Corporate Development. “When our customers send money and pay with their bank account, Xoom will not charge them until their loved ones get their padala. We believe in giving people ‘power’ for a convenient, safe and fast way to send money home.”
For 10 years, Xoom has been serving the Filipino community and pioneered instant bank deposits to the Philippines. POWR is Xoom’s latest product offering to give customers peace of mind and reassurance. Earlier this year, Xoom introduced its Filipino customers to StatusTrak an online tracking service that provides ways for people to track their transfer via SMS text messages, email updates and 24/7 phone support.
“When our customers send money, they want the peace of mind of knowing that their loved ones have safely received it,” King added. “Both POWR and StatusTrak provide very reassuring money transfer experiences with Xoom.”
Xoom is a global online money transfer provider, focused on helping consumers send money in a secure, fast and cost-effective way using their mobile phone, tablet or computer. During the year ended December 31, 2012, Xoom’s 750,000 active customers sent more than $3.2 billion to family and friends in 30 countries worldwide. The company is headquartered in San Francisco and can be found online at www.xoom.com.
Latin American natives perhaps have the best understanding of the type of quality and delicious taste Mexico-based produce has, seeing as how they're from there and spent much of their life enjoying the fine cuisine there. Some individuals may favor it so much that they're willing to send money to Mexico in return for a shipment of fresh fruits and vegetables from their local farmer's market.
But what these same individuals may not realize is that the fruits that they eat in the U.S. could very well be from Mexico, especially if one of their favorites things to eat are avocados.
As its name suggests, avocados from Mexico is a business that operates out of Mexico and mass produces the pear-shaped fruit for markets around the world through exports. And while the company has long served the U.S. it has recently stepped its marketing campaign in order to encourage more people to enjoy the fine tastes of Mexico and the health benefits that come from the leathery skinned food.
Eduardo Serena, marketing director for the Avocado Producers and Exporting Packers Association of Mexico, noted that while the campaign hopes to encourage everyone to eat more avocados – thanks in large part to their richness in essential fats, vitamins and minerals – its key demographic are Hispanic consumers.
He also stated that since the Super Bowl, demand for avocados has been swift and with the NCAA college basketball tournament just around the corner, APEAM expects sales to continue operating in the black.
"Avocados from Mexico will keep the momentum going by supplying the right volume, quality and sizing, as well as powerful marketing programs through the coordinated efforts of APEAM and [Mexican Hass Avocado Importers Association]," said Serena.
Many grocery stores taking part in marketing campaign
Throughout much of the U.S., APEAM and Avocados from Mexico have set up display cases promoting avocados in grocery stores and supermarkets. Some of the signs show pictures of NCAA college basketball players taking the ball to the rim, with headlines over the picture like "Guacamole – A Slam Dunk." Guacamole is a type of dip often served at party gatherings that's primarily composed of mashed avocado, mixed in with various seasonings, diced tomato, onions, garlic and occasionally chili peppers.
Not only does avocado consumption enable Mexicans to get reacquainted with their Latino roots, but the fruit is also one of the healthiest foods one can eat. According to MyHealthNewsDaily, including avocados into one's regular diet can help improve a wide variety of well-being indicators. Researchers from the National Health and Nutrition Examination Survey came to this conclusion after reviewing health statistics gathered between 2001 and 2008, following people who ate avocados regularly with those who didn't. The health experts discovered that people who ate the fruit frequently were more likely to have higher levels of HDL – which is the "good" type of cholesterol – were more likely to have a lower body weight have a smaller waist circumference and to eat a well-balanced diet.
"These findings suggest a role for avocados in improving dietary quality and possibly reducing the risk of metabolic syndrome in the United States," the report stated. "Further research is needed to verify this epidemiological data and study the potential association between increased intake of avocados and other dietary components."
While avocados are one of the few fruits that has fat, it's primarily comprised of the monounsaturated kind, which health experts say are crucial to a health heart, skin and reducing the risk of disease. These fats are also found in oils and nuts such as olive oil and almonds.
Thanks to the successes of immigrants in the working world, many of whom send money to their families back home, they will likely have a heavy influence on homeownership throughout the next several years, a recent report indicates.
According to a joint study conducted by researchers from the Mortgage Bankers Association and the Population Dynamics Research Group at the University of California, homeownership growth among roughly 33 percent of new households will be made up of the immigrant population. In addition, growth in more than one in every four renter households will be comprised of immigrants.
John Pitkin, senior research associate for the PDRG, said that while the report pertains to all immigrants regardless of where they originated from, the largest bloc of buyers will be the Hispanic community.
"For example, among the cohort of Hispanics who arrived in the United States during the 1980s, homeownership rose from just above 15 percent in 1990 to nearly 53 percent in 2010," said Pitkin. "[It] is projected to rise to above 61 percent in 2020 when the cohort will have resided more than 30 years in the United States."
He added that the heightened demand of homes among immigrants is a natural outflow of the pace at which individuals from other countries have come to the U.S., many of whom came seeking a better life for themselves and their family.
The report also detailed the states that would likely garner the most demand from immigrants. Perhaps not surprisingly – given how many immigrants live there – New York and California are likely to represent the states with the highest rates of foreign-born demand. Home owning immigrants already represent a sizable share of property owners in the respective states, comprising 82 percent of the increase in California and 65 percent in New York.
According to the Immigration Policy Center, 10.1 million immigrants live in the Golden State, with roughly four in 10 being naturalized citizens. In New York, more than half of the Empire State's immigrants are have gone through the naturalization process of the 4.2 million who live there.
Four other states where growth is likely to be largely represented by foreign-born citizens include New Jersey, Massachusetts, Connecticut and Michigan, the report said.
Mark Zandi, a nationally recognized economist for Moody's Analytics, indicated that the immigrant population will have a heavy influence on the country's economy, as much of it depends on the real estate sector.
"Immigrants will be key to the housing market for decades to come," said Zandi, USA Today reports.
Cities with highest, lowest vacancy rates
With demand for rental and purchase households picking up, immigrants may find it difficult to find a place that's available, as vacancy rates have diminished. However, there are a number of metropolitan regions where many people have either left or are leaving their homes after they sell them.
The U.S. Census Bureau recently released a list of the 75 cities where vacancy rates are highest. At 4 percent, the city with the largest number of properties available is Bakersfield, California. The Golden State's ninth-largest city is followed by Greensboro, North Carolina at 3.5 percent, Las Vegas at 3.4 percent; Toledo, Ohio at 3.3 percent and the Riverside-San Bernardino, California area at 3.3 percent. Rounding out the top 10 are St. Louis at 3.1 percent, Virginia Beach, New Orleans and Providence, Rhode Island tied at 2.9 percent and Chicago at 2.8 percent.
El Paso, Texas; Springfield, Massachusetts and Rochester, New York are three places where vacancies are few and far between. Each of these metro areas has a vacancy rate of 0.5 percent or less.