Could Obama’s immigration initiative boost the housing market?

immigrationBy Dina ElBoghdady | The Washington Post

About a year ago, President Obama showed up at a Phoenix high school to promote changes to immigration law, just as he did Friday at a high school in Las Vegas, where he worked to rally support for his decision to protect millions of illegal immigrants from deportation.

The focus of the speech back then was responsible homeownership, not immigration. But he insisted the two are closely tied. “When more people buy homes and play by the rules, home values go up for everybody, and according to one recent study, the average homeowner has already seen the value of their home boosted by thousands of dollars just because of immigration,” Obama said.

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Related: Obama’s New Visa Law Seen Helping Chinese Buy U.S. Real Estate

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