According to new research, immigrant homeownership is shifting from large cities like New York and Los Angeles to smaller ones like Las Vegas and Minneapolis.
"'Our data suggest that immigrants are attracted to homes near active support networks of fellow immigrants and in places with lower rates of immigrant growth resulting in less competition for entry-level jobs,' [urban economist Gary] Painter said.
'The anticipated rapid growth of U.S. immigrant populations in the coming decades, coupled with their movement into midsize metro areas, has the potential to transform communities.'"
"Painter says good communication skills are vital in situations where smaller metro areas prepare to absorb an influx of recently arrived immigrants. 'Language is key to helping communities become more hospitable to immigrants,' who are then more likely to buy homes and stay there, he added.
In areas where communities succeed in offering a warm welcome, along with employment and housing opportunities, Painter says first-time immigrant home buyers can help stabilize previously declining home values."
Read the full story: Immigrant Flow Shifts to Smaller Cities
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