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August 2011


August 18, 2011 | Posted by Ted Ruthizer, Co-Chair, Business Immigration Group | Permalink

We all know the depressing statistics – housing prices have fallen 33 percent since the housing bubble burst in 2008.  This is higher than the drop in market value even during the height of the Great Depression.  And while house prices continue their slide, four out of five new mortgages require at least a 20 percent down payment, putting home ownership out of the reach of most Americans.  Almost five million households are either in foreclosure proceedings or are perilously close to falling into that morass.  Fortunately, there is an answer that will help solve the housing crisis – immigrant investors.

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