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Posted: Sun, Apr 3 2005, 7:56 am EDT Post subject: 14 cities where home prices could rise fast |
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14 cities where home prices could rise fast
A rush of immigrants has helped fuel the housing boom, but recent trends suggest it may slow in traditional entry cities -- while home prices in 14 new gateways surge.
The future of home prices in your area may depend -- a lot -- on whether your neighbor was born in the United States or not.
In recent decades, immigration has had a strong affect on housing demand and prices, according to economists and other researchers who've studied the issue. A sharp rise in newcomers during the 1990s helped pump up home values in many cities, and the influx shows no signs of abating.
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