Archive

Posts Tagged ‘real estate professionals’

Immigration Reform Could be Boon to Housing Industry

May 21st, 2013 Comments off

According to inman, estimates released by the National Association of Hispanic Real Estate Professionals (NAHREP) say proposed immigration reform would result in the purchase of 3,000,000 homes by Hispanics, generating over $500 billion in home sales. An additional $233 billion in commissions, fees and spending connected to home-ownership would further add to the economy. A report released by (NAHREP) states Hispanic homeowners increased 58 percent from 2000 to 2012, from 4.24 million to 6.69 million, as compared to five percent net growth for the remainder of the nation’s population. The report also suggests Hispanics accounted for 51 percent of all household formation in 2012, and in 2010, 10.4 percent of all U. S. homeowners were Hispanic. As MHProNews has learned, NAHREP President Juan Martinez says, “Foreign-born householders have a high value and strong desire for homeownership. They have been here in our midst for years, working and participating in our economy. Legitimizing them through immigration reforms would finally give them the access and the confidence to buy homes.”

(Image credit: firstbanktrust)

Attention Shoppers: The Time to Buy is Nigh

March 26th, 2012 Comments off

In an rent vs. buy index of the 100 largest metropolitan areas in the nation, Trulia has determined it is a wiser decision to buy in 98 of them. The top ten cities where buying a home is a better deal: Detroit, Oklahoma City, Dayton Ohio, Warren-Troy-Farmington Hills Michigan, Toledo Ohio, Grand Rapids Michigan, Cleveland, Atlanta, Gary Indiana, and Memphis. The top ten where renting is smarter: Honolulu, San Francisco, New York City, San Jose California, Orange County CA, Los Angeles, San Diego, Colorado Springs CO, Boston, and Albuquerque NM. Trulia compares neighborhoods and properties, and then calculates the ratio between asking prices for rentals and for-sale homes to arrive at its conclusion. Based in San Francisco, Trulia tells MHProNews.com it  collects information and maintains unique files on desireable places to live through its many contacts with real estate professionals.

(Photo credit: Getty Images)