Wednesday, April 2, 2014

Dreams of immigrants will continue to drive the housing recovery in the U.S.

Efforts to reform the U.S. immigration laws could have at least one unintended benefit for the economy : the nascent housing recovery is likely to receive more momentum .

The amount of homeowners foreign born 2.8 million increase in the decade ending in 2020 , compared with an increase of 2.4 million in the previous ten years, according to a study by the Mortgage Bankers Association (MBA , for short ) that did not assess the potential impact of a new law.

Research by a group of Hispanic Real Estate Agents concluded that the increase could be even higher if undocumented workers are placed in the path to citizenship .

Immigrants who are more positively than native Americans owning property, are increasingly likely to buy a house to live in the more prosperous the U.S. and are , research shows. They represent more than 50 % of the increase in the purchase of houses in six states in this decade , including California and New York, according to the report .

" We may have underestimated this powerful force already residing here and upward mobility is so pushed up from below the housing market ," said Dowell Myers , author of the MBA study and professor of public policy at the University of Southern California at Los Angeles who studies the demographics of housing. "It has accumulated a growing momentum ."

That upward mobility is evident in the MBA data showing that the percentage of those who arrived in the 1980s and became homeowners increased by about 35 percentage points in the next three decades despite the longest recession since the great Depression had a negative impact. By 2020 , 61% of Hispanic immigrants who arrived here nearly forty years before , in addition to more than 70 percent of Hispanic aliens, be homeowners.

Europe troubles

While the housing market recovery fuels expansion in the U.S., European economies are struggling. The unemployment rate in the euro area remained at a record high of 12% in February, data showed the statistical office of the European Union in Luxembourg yesterday.

56% of Hispanic Americans, according to census data in the U.S. make up more than half of the inhabitants were born abroad , said an "important" reason to buy a house is that it is a "symbol of success or achievement," showed data from a 2011 survey conducted Fannie Mae to Washington .

The percentage of all Americans who gave the same response was 32 %.

67% of Hispanics said that an important reason for buying a home is a good investment for retirement , compared to 54% of the total population , the survey showed .

Tuesday, April 1, 2014

Tourism and construction: booming sectors in Miami

Florida is one of the states in the U.S. housing market which has experienced the greatest growth in the last year . After the deep crisis , this recovery has come from the hand of a major tourism, which opens the door of opportunities for Spanish companies in Miami and Latin America, said William D. Talbert , president of Miami Department of Tourism .

"The business in Miami 's tourism is booming ." This indicates that the tourism business is booming in Miami president and CEO of the Tourism Department of Miami -Dade , William D. Talbert . A fact that came at once to increase the Latino influence in the United States and, as a spearhead represents Miami.

"Tourism has been growing for many years and the future is really good. 've Managed tourism record number of visitors, tourists spending , on the arrival of flights at an airport ... and also we lead U.S. the revenue per hotel room . "

Current good situation of tourism in Miami , says Talbert, is partly due to the international promotion provided by " offices and conventions abroad for tourism, more creative and active marketing and the 'mark Miami ' and responsible " .

A good example is the visit of the delegation from Miami -Dade , led by Mayor Carlos A. Gimenez, and seconded by Talbert own . However, this boom enjoyed by Miami also reflected in figures:

" The tourists spent 21,000 million euros in Miami in the last year , and the demand to build new hotels and new tourism attractions continues and continues to grow. And that is because we have great restaurants and trendy shops, 25 miles from beaches ( about 40 miles), and we are the only place in the U.S. with two national parks, " maximum impact responsible tourism Miami.

This growth of tourism in Miami is seeing accompanied by construction , always related sectors . Declares Alan Ojeda , president and CEO of Rilea Group , a leading construction company in this region of Florida, who talks about the current real estate boom in the metropolis after the recent crisis :

"The problem was not as large as previously thought, and the decline was very sharp , not as in Spain , where it's like a slow death. And the recovery has also been hit , because Miami is really a continent of 400 million people do not know that there was a recession in the world that is South America. "

Ojeda is Spanish although already adopted by Florida, after more than thirty years since I crossed the pond , so it is aware of the advantages of Miami , such as location , and especially the construction sector , on which yields good prospects :

" Construction will continue to grow inexorably and is not too late to go because Miami is starting its cycle, but not a market ' pitch ' , as was Spain . 's A market you need to understand and you should go with a local partner . "

Because, despite these positive outlook is key to know the market . Therefore, many are more cautious , as Brian McLean, consultant senio International Consulting Team :

" For a Spanish company is possible that entry into the U.S. through Miami may seem an easy way to the language , but if you want to sell in the U.S. have to think . 's Not the same to sell a Cuban culture, such as Miami , which eg Kansas . "

McLean himself , however , does point out that Miami is a big market , as is evident, and it is a great choice if consumer goods are produced or aspire to enter the Latin American market .

An idea that recalls the words of the president of the Chamber of Commerce, Jaime Malet, in his address to the arrival of the trade mission to Spain :

" Spain , Latin America and the U.S. form a virtuous triangle is consolidated year after year and in these difficult economic times, may provide part of the push it needs the Spanish economy to finally overcome this crisis."