Pew Report Reveals Continuing Importance of Immigrants to Housing Market

Demographics, Economics, Homeownership, Integration, Myths, Research 1 Comment »


Photo by woodleywonderworks.

A recent report from the Pew Hispanic Center sheds new light on the value of immigration to the U.S. economy—even in the midst of a recession. The report, which examines the impact of the housing market’s boom-and-bust cycle on minorities and immigrants in the United States, found that the latest housing “bust” which began to unfold in 2005 has had less of an impact on immigrant homeowners than on native-born homeowners.

Although immigrants are still less likely to own homes than the native-born (just as native-born blacks and Latinos are less likely to own homes than native-born whites), rates of homeownership have declined faster for the native-born than for immigrants since the onset of the current housing crisis. The findings of the Pew report are a far cry from the shrill claims of anti-immigrant commentators such as Rush Limbaugh, who not long ago helped propagate the fabricated claim that the crumbling of the housing market was precipitated in no small part by millions of undocumented immigrants defaulting on subprime mortgages.
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New Americans: A Springboard for California’s Economy

Demographics, Economics, Election 2008, Homeownership, Integration, Labor, Myths, Restrictionists 4 Comments »


Photo by Jamie Lawrie.

Earlier this year, the Washington Post reported that analysts across the country have been worried that the economic crisis has fueled an increase in hate groups and racist, anti-immigrant rhetoric.  With its large immigrant population and current economic woes, California is in the belly of the beast.  Yet, while many restrictionists and anti-immigrant groups are exploiting the recession and using immigrants as scapegoats, an undeniable truth lies beneath their feeble facts: California’s immigrants and their children climb up the socioeconomic ladder over time and most Californians have economically benefited as a result.

California exemplifies not only the enormous political and economic clout of immigrants, but also accounts for innumerable stories of immigrants who experience remarkable upward mobility over time, master English, and own their own homes, according to a new Immigration Policy Center report. Immigrant workers and entrepreneurs make up a large part of taxpayers and are vital when it comes to the success of California’s new budget.
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Worried About the Mortgage Market? Don’t Blame an Immigrant

Demographics, Economics, Economy, Homeownership, Myths, Undocumented Immigration 1 Comment »


Photo by jeroen020.

Anti-immigrant zealots, as part of their never-ending crusade to blame immigration for virtually every economic and social problem in the United States, continue to insist that the collapse of the subprime mortgage market was rooted in nefarious home purchases by undocumented immigrants. On November 18, a rambling post to the “Political Awareness and Responsibility” blog managed to blame the 1965 Immigration Act, Senator Ted Kennedy, and ACORN for unleashing hordes of undocumented home buyers with subprime mortgages upon an unsuspecting American public. The author follows in the footsteps of anti-immigrant columnist and commentator Michele Malkin, who helped kicked off this round of subprime immigrant blame-gaming back in September.
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Philadelphia: A Reemerging Gateway for Immigrants

Demographics, Economics, Homeownership, Integration, Restrictionists 1 Comment »


Photo by lsc21.

Throughout America, freedom fries are meeting samosas. A report released by the Brookings Institution yesterday calls Philadelphia a “remerging gateway” and home to one of the fastest growing immigrant populations in America. The quickly growing immigrant communities of metro Philadelphia, which now make up 75% of their labor market growth, include burgeoning South East Asian, Hispanic, Vietnamese and Ukrainian communities. The reason? The healthcare and pharmaceutical industries. According to the report, immigrants have “moderated population loss in the city” and are “breathing life into declining commercial areas, reopening storefronts, creating local jobs…repopulating neighborhoods on the wane and reviving and sustaining housing markets.”
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Restrictionists Use Immigrants as Scapegoat for Economic Crisis

Demographics, Economics, Homeownership, Myths, Restrictionists No Comments »


Photo by respres.

As the U.S. rumbles through a recession, some restrictionists are exploiting the current economic crisis to mislead Americans into thinking that immigrants — not the utter lack of financial market government oversight or the irresponsible behavior of brokerage firms — are to blame for the current state of our economy.

The Center for American Progress recently published a report highlighting comments made by ultra-Conservative journalist Michele Malkin claiming that “The Mother of All Bailouts has many fathers…But there’s one giant paternal elephant in the room that has slipped notice: how illegal immigration, crime-enabling banks, and open-borders Bush policies fueled the mortgage crisis.”

Yet Malkin’s arguemnent is based on a loose and virtually non-existent connection. First she makes the claim that half of all mortgage loans to Latinos are subprime loans and then proceeds to draw her conclusion by tying in an unrelated and incorrect statistic that 25% of subprime loans are in default (the figure is actually about 19%).
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Immigrants Integrate as Census Predicts Minority Boom

Demographics, English, Homeownership, Integration, Myths No Comments »


Over five hundred immigrants gathered on July 4, 2007 to take the oath of citizenship. Photo by BrittneyBush

Last week the US Census Bureau projected that minorities will grow to become a majority by the year 2042. A recent New York Times article pointed out that the main reason for the accelerating change is significantly higher birthrates among immigrants.

While some fear that demographic shifts threaten American identity, research and experience has shown that today’s immigrants integrate into American society just as generations of immigrants before them. Immigrants are learning English, buying property, intermarrying, becoming U.S. citizens, and otherwise weaving themselves into the fabric of this nation.
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