Immigration has and will continue to alter the composition of housing demand in the United Sates. In this article, we analyze results from a new survey of Mexican-heritage households to draw some inferences about tenure choice within that group. Some measures of attachment to the United States-residency status and the amount of money sent to relatives and friends in Mexico-suggest that, among Mexican immigrants, permanence is a key determinant of homeownership in the United States. More specifically, being a citizen increased the probability of ownership, whereas being undocumented reduces the probability. Surprisingly, after controlling for residency status, length of tenure in the United States does not predict tenure status, except that those who refused to report length of tenure were more likely to have higher tenure status. Those who sent remittances home to Mexico were less likely to become homeowners. Copyright 2007 American Real Estate and Urban Economics Association
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Article provided by American Real Estate and Urban Economics Association in its journal Real Estate Economics.
Volume (Year): 35 (2007) Issue (Month): 4 (December) Pages: 451-478 Download reference. The following formats are available: HTML
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