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Monday, June 19, 2006

Immigrants to keep real estate market afloat after boomers sell off

"For Pritz Oliver Guasa, it was important to become a homeowner when he arrived in America from the Philippines a year ago.

Amid the debate in Congress about how to deal with undocumented immigrants, one thing is clear: As far as the housing market is concerned, the welcome mat is laid out for immigrants such as Guasa. Government programs are in place to encourage homebuying by minorities, and the housing industry is counting on their demand.

Some housing experts believe immigrants will prop up the housing market as baby boomers retire and cut back to one house."

"Help Is Available for Immigrants Seeking Mortgages"
Belleville News-Democrat
Belleville, Illinois

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