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Immigration reform said to boost housing recovery

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The Obama administration’s ongoing efforts to overhaul immigration laws could serve as a boon to the national housing recovery, Bloomberg News reported. The Mortgage Bankers Association is predicting that 2.8 million foreign nationals will become homeowners in the decade ending in 2020, compared with just 2.4 million in the previous 10 years. Buyers classified as foreign nationals will likely account for more than 50 percent of the rise in home buying in six states this [more]

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