Luxury Connect
Meet the Luxury Leaders | October 19-20 | Beverly Hills

Proposed immigration reform could pump more than half a trillion dollars into the U.S. economy by paving the way for about 3 million Hispanics to buy homes over a five-year period, according to an estimate released by the National Association of Hispanic Real Estate Professionals (NAHREP).In addition to generating $500 billion in home sales, income and spending, immigration reform would also create demand for an additional $233 billion in loan origination fees, real estate commissions and consumer spending associated with homeownership, NAHREP said.Real estate agents would collect an additional $28 billion in commissions as a result of home purchases sparked by immigration reform, NAHREP estimates.NAHREP said it based its projections on updated data and methodology used for a 2...