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'Birthplace networks' are a boon to immigrant homeowners, study says
'Birthplace networks' are a boon to immigrant homeowners, study says

Native-born Americans looking to move into homeownership for the first time could learn a thing or two from immigrant homeowners, according to recent research. Economists at Rutgers University and the Georgia Institute of Technology found that immigrants leverage "birthplace networks" to come up with money to not only purchase their homes, but also to maintain them during hard times. Unique to immigrants, birthplace networks are social groups of friends and family from the same country of origin. The study's authors found that although homeownership rates among immigrants fell from 2000 to 2012, the decline was less severe when compared to native-born homeowners. The...

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