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The Impacts of Remittances, Residency Status and Financial Attachment on Housing Tenure for Mexican-Heritage Americans: Inferences from a New Survey

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  • Donald Bradley
  • Richard K. Green
  • Brian J. Surette

Abstract

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

Suggested Citation

  • Donald Bradley & Richard K. Green & Brian J. Surette, 2007. "The Impacts of Remittances, Residency Status and Financial Attachment on Housing Tenure for Mexican-Heritage Americans: Inferences from a New Survey," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 35(4), pages 451-478, December.
  • Handle: RePEc:bla:reesec:v:35:y:2007:i:4:p:451-478
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    References listed on IDEAS

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    1. Borjas, George J., 2002. "Homeownership in the immigrant population," Journal of Urban Economics, Elsevier, vol. 52(3), pages 448-476, November.
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    Cited by:

    1. Eileen Diaz McConnell & Ilana Redstone Akresh, 2013. "Home Equity of New Legal Immigrants in the United States: An Evaluation of Three Key Theoretical Perspectives," International Migration Review, Wiley Blackwell, vol. 47(3), pages 686-729, September.
    2. Coulson, N. Edward & Dalton, Maurice, 2010. "Temporal and ethnic decompositions of homeownership rates: Synthetic cohorts across five censuses," Journal of Housing Economics, Elsevier, vol. 19(3), pages 155-166, September.

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