August 27, 2002
Immigrants increasingly important in real estate marketShare
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Andrew Haeg - Reporter, Michael Udo - Interviewee, Jim Freund - Interviewee, George Karvel - Interviewee, Amy Grayson - Interviewee, Kit Hadley - Interviewee, Pao Yang - Interviewee, Osman Ahmed - Interviewee
MPR’s Andrew Haeg looks into homeownership among immigrant groups. Real estate experts say immigrants are an increasingly important part of the real estate market and lenders are taking steps to accommodate them.
Low interest rates continue to fuel demand for homes, despite a weak economy. In July 2002, for instance, national sales of new single-family houses rose to a record level. Experts say immigration is helping to fuel demand for homes nationally and in Minnesota.
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