As America’s senior citizens age and retire, they are shifting the balance of the U.S. housing market by downsizing and selling their homes. Americans 65 and older are more likely to be sellers of homes than buyers, creating a potential long-term buyer shortage that would negatively impact home equity. This could lead to shrinking retirement savings and would disproportionately harm working- and middle-class households. Immigration reform, however, can help to counteract these harmful effects by increasing demand and boosting housing wealth, ensuring that the American housing markets remain robust and that the equity our citizens have invested in property remains safe.
New American Economy is a bipartisan research and advocacy organization fighting for smart federal, state, and local immigration policies that help grow our economy and create jobs for all Americans. More…
November 23, 2020
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