Today, NAR reports that "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."
Full article here.
This is an interesting tie to the Immigration debate raging in Congress today and one worth keeping an eye on since the "supply/demand" for real estate is essential to the market's functioning well.
Here's a great
infographic from NAHREP on this hot trending topic.
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