Recession didn't hit immigrant homeowners as hard

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Immigrant Asian and Latino homeowners had more success maintaining homeownership than native-born Americans during the Great Recession, a University of Southern California Lusk Center for Real Estate study that looked at foreclosure stats and unemployment data in 80 U.S. cities shows.

In some metros, even, homeownership didn’t decline at all among immigrant Asian and Latino populations, according to Gary Painter, research director at the Lusk Center.

Attempting to explain what the data revealed, Painter said: “When the recession hit, there were fewer immigrants coming into the country. That meant the immigration population here was more mature and settled, while any newcomers would have most likely rented.”

Source: DSNews.com