October 6, 2005

THE NEXT MA WILL BE AN IMPROVEMENT:

Immigrants fuel housing boom: State attracting wave of affluent, educated workers (Kimberly Blanton, October 6, 2005, Boston Globe)

An unprecedented influx of affluent, well-educated immigrants, drawn to Massachusetts' universities, medical institutions, and technology and finance industries, has helped fuel the state's booming housing market in recent years.

Foreign-born residents are 15 percent of the state's population, but they accounted for 56 percent of those who purchased homes or condos between 2000 and 2004, according to new data from Northeastern University, based on the US Census.

''Foreign-born households are the only group of households that is growing" in Massachusetts, said Andrew Sum, director of Northeastern's Center for Labor Market Studies.


Boom, not bubble.

Posted by Orrin Judd at October 6, 2005 7:54 AM
Comments

Now we can blame excessive immigration for the exorbitant price of housing that our young people will have to pay.

Posted by: h-man at October 6, 2005 8:25 AM

The young are the children of immigrants.

Posted by: oj at October 6, 2005 8:56 AM

It's remarkable how many foreign languages I hear on my running trail in Cambridge. A good 20% of the pedestrians are foreign-born, mostly European.

Posted by: pj at October 6, 2005 1:18 PM
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