Do you have (or want) an international real estate business? Then you’ll want to check out two recently released National Association of REALTORS® reports, which provide state-level economic data that can be used to enhance the knowledge and expertise of international real estate transactions with non-U.S. residents and recent immigrants to the United States.
Inside, you’ll find the latest info on the following topics:
- Population demographics: U.S.-born, foreign-born, naturalized and non-U.S. citizen residents
- Employment, household income and educational attainment
- Immigration and naturalization trends
- Non-immigrant visitors to the state
- Top export and import trade partners
- Employment in U.S. affiliates of foreign companies
Key takeaways from the Illinois state report include:
- 14 percent of Illinois’ population is foreign-born (over 1.8 million)
- Foreign-born homeownership rate is 58.9 percent
- Of those foreign-born, the top demographics are from:
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- Latin America (44 percent)
- Asia (30 percent)
- Europe (20 percent)
- Africa (4 percent)
- Northern America (1 percent)
- Oceania (.2 percent)