Bubble Wrap

Entry

Immigrants help market stay afloat

The Bergen Record details how the growing immigrant population calling New Jersey home is propping up the Bergen County real estate market.

According to the National Association of Realtors, two out of three households in New Jersey are being formed by foreign-born/ethnic minorities; they are projected to account for more than 50 percent of first-time home buyers by 2010. About 9 percent of the Garden State’s population is represented by nationalized citizens.

# posted about 19 months ago