REALTOR® University Center for Real Estate Studies and the Asian Real Estate Association of America have partnered to study Asian-American home ownership and learn more about housing market preferences among Asian immigrant groups.
The university, created by the National Association of REALTORS®, with work with the trade group to study how Asian immigrants use their homes and businesses to better understand their housing market preferences. The results of the study are expected to be released in 2014.
Asian-Americans are the fastest growing racial and ethnic group in the United States and are expected to be a “large source of future housing demand,” according to REALTOR® University and AREAA. There are nearly 19 million Asian-Americans nationwide.
The current home ownership rate of Asian-Americans is 55 percent, which is behind the total population’s home ownership rate of 65 percent.
“REALTOR® University’s mission is to help bring value to home buyers, sellers, and real estate professionals, and so we are pleased to be partnering with AREAA to undertake this new research to advance Asian-American home ownership and real estate investment,” says Richard Rosenthal, chairman of the University Board of Regents.
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