Blogs on Immigration Law and Policy


by

Greg Siskind









Latino Realtors Estimate Immigration Reform Would Result in Millions of New Home Sales





From the National Association of Hispanic Real Estate Professionals:



If current legislation that creates a path to legalization for 11
million undocumented immigrants is passed, the nation's Hispanic real
estate leaders estimate that it would create a new pool of 3 million
homeowners and pump more than $500 billion* in sales, income and
spending into the U.S. housing economy. According to an info graphic
released today by NAHREP, the chain reaction triggered by home purchases
would drive demand for more than $500 billion in real estate
transactions and an additional $233 billion in origination fees, real
estate commissions and consumer spending associated with homeownership. A
copy of the info graphic is available at http://nahrep.org/immigration-reform.




Based on previous estimates from analysts, NAHREP officials calculate
that as many as 6 million undocumented immigrants are likely to pursue
legalization and possibly citizenship under the bill and up to 3 million
would pursue homeownership based on the patterns of naturalized
Latinos.




"Foreign-born householders have a high value and strong desire for
homeownership," said Juan Martinez, NAHREP president. "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."












About The Author




http://www.visalaw.com/gregpic2.jpg Greg Siskind is a partner in Siskind Susser's Memphis, Tennessee, office. After graduating magna cum laude from Vanderbilt University, he received his Juris Doctorate from the University of Chicago. Mr. Siskind is a member of AILA, a board member of the Hebrew Immigrant Aid Society, and a member of the ABA, where he serves on the LPM Publishing Board as Marketing Vice Chairman. He is the author of several books, including the J Visa Guidebook and The Lawyer's Guide to Marketing on the Internet. Mr. Siskind practices all areas of immigration law, specializing in immigration matters of the health care and technology industries. He can be reached by email at gsiskind@visalaw.com.






The opinions expressed in this article are those of the author(s) alone and should not be imputed to ILW.COM.