{"id":4875,"date":"2013-05-23T11:43:34","date_gmt":"2013-05-23T11:43:34","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=4875"},"modified":"2013-05-23T11:43:34","modified_gmt":"2013-05-23T11:43:34","slug":"3-million-new-home-owners-could-be-on-the-horizon","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/3-million-new-home-owners-could-be-on-the-horizon\/","title":{"rendered":"3 Million New Home Owners Could be on the Horizon"},"content":{"rendered":"

3 Million New Home Owners Could be on the Horizon<\/h1>\n
\"3<\/a>

3 Million New Home Owners Could be on the Horizon. Image courtesy of Ambro \/ FreeDigitalPhotos.net<\/p><\/div>\n

The National Association of Hispanic Real Estate Professionals estimates that immigration reform could bring an estimated pool of 3 million new home owners into the market. The nonprofit trade association estimates that current legislation proposing to give legal status to some immigrants has the potential to generate $500 billion in real estate transactions over a five-year period.<\/p>\n

Current legislation calls for the legalization of some 11 million undocumented immigrants who arrived in the country before Dec. 31, 2011.<\/p>\n

\u201cForeign-born householders have a high value and strong desire for home ownership,\u201d says Juan Martinez, NAHREP president. NAHREP leaders have been advocating for immigration reform that would create a path to citizenship for undocumented immigrants.<\/p>\n

NAHREP research projects that home purchases made by 3 million legalized immigrants could pump about $180 billion in additional consumer spending into the economy.<\/p>\n

\u201cImmigration reform would unleash pent-up demand for home ownership by millions of undocumented immigrants,\u201d says Alejandro Becerra, a former senior housing fellow and researcher. \u201cIt would help re-establish home ownership as a driving force in building wealth and accelerate the recovery of the nation’s economy.\u201d<\/p>\n

Source: National Association of Hispanic Real Estate Professionals<\/a><\/em><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

3 Million New Home Owners Could be on the Horizon The National Association of Hispanic Real Estate Professionals estimates that immigration reform could bring an estimated pool of 3 million new home owners into the market. The nonprofit trade association estimates that current legislation proposing to give legal status to some immigrants has the potential … <\/p>\n

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