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The Real Deal: Immigrants are essential to long-term U.S. housing market health

The rising average age of U.S. immigrants will spur the long-term recovery of the housing market, according to Gary Painter, director of research at the University of Southern California's Lusk Center for Real Estate.

June 27, 2012

As new Americans grow older and begin to invest in housing they increase both demand and the number of households in the U.S., but in the short-run this demographic is also decreasing the number of household per person...

"Due to these demographic shifts, housing demand will come back, even if the job market remains weak....," Painter said.

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Link: The Real Deal