Im­mi­gra­tion and hous­ing de­ci­sions

Credit Union Journal - - Growth - BY BRAD FINKEL­STEIN

PRES­I­DENT TRUMP’S IM­MI­GRA­TION poli­cies are prompt­ing more than half of Arabs, Asians and Lati­nos to re­con­sider their plans to buy or sell a home, ac­cord­ing to a Redfin sur­vey.

Among all re­spon­dents to a Redfin sur­vey, 41% said those poli­cies played a role in re­shap­ing their de­ci­sion to buy or sell a home.

But that jumped to 52% for Arab, Asian and Latino re­spon­dents, in­clud­ing 9% that in­def­i­nitely can­celed plans to buy and 10% who were less likely to sell.

There were 20% of this group — and 13% of all re­spon­dents — who said they were more likely to sell be­cause of the un­cer­tainty of the pres­i­dent’s poli­cies and their pos­si­ble ef­fect on their job and/or abil­ity to stay in the U.S.

Sur­pris­ingly, 13% of the Arab/ Asian/latino group (com­pared with 14% of all re­spon­dents) said the poli­cies made them more likely to buy a home be­cause it would im­prove job prospects and the econ­omy in their area.

The sur­vey was con­ducted be­tween May 5 and May 24 among a pool of 3,350 peo­ple from the gen­eral pop­u­la­tion who had bought or sold a home in the past year, tried to buy or sell a home in the past year or plan to do so this year. It concentrated on the 11 cities where Redfin has its largest mar­ket share.

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