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Are Immigrants The Cornerstone of the Housing Market?

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The slump in the housing market is a threat to the economy as a whole. What’s keeping the bottom from falling out is the increased purchasing power of immigrants. That’s according to a study by Harvard University’s Joint Center for Housing Studies, which says both legal and illegal immigrants are buying the low cost homes that keep values up, even in places like Beverly Hills.

Credits

Guests:
Dowell Myers - University of Southern California, Geoff McIntosh - Broker and Owner of Main Street Realtors in Long Beach

Host:
Warren Olney

Producer:
Karen Radziner

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