The foreign-born population accounts for approximately 13 percent of the total U.S. population, up from about 5 percent in 1960. California, New York, New Jersey, Florida, and Nevada are the top states in which the foreign born comprise approximately 20 percent of the population.
What this means for REALTORS®: U.S. foreign born residents tend to place a high value on homeownership, frequently purchasing homes significantly above the median price. This is a growing and potentially profitable market, generally with sound prospects for home ownership. Information on the characteristics of the foreign-born is available at http://www.realtor.org/reports/state-by-state-international-business-reports
Article by Realtor.org. Original article can be found here: Foreign-Born Population: An Increasing Potential Base of Homeowners.