Can Housing keep appreciating?

As frothy as the market might seem in some places, demographic trends — particularly immigration — could be one factor that keeps the house market going strong, perhaps for as long as the next decade, according to the Harvard study. New arrivals could easily top the 1990s record of 10 million over the nest 10 years, says the study. Moreover, the children of immigrants who came here during the 1980s and 1990s are getting close to the age when they'll start buying homes. Some 15% of all 11- to 20-year-olds are first-generation Americans. In total, immigrants or their children are expected to account for half of net household growth over the next 10 years, according to the study. During the past decade, immigrants accounted for one-third of household growth.