By Dr. Christopher Cagan Ph.D., Director of Research and Analytics for First American Real Estate Solutions
Aug 25, 2004
Expanded to include 89 counties, the First American Real Estate Solutions 2003 Surname Study reveals a national pattern of the advancement of ethnic minorities, especially of Hispanic and Asian origin, into the mainstream of American economic life through the purchase of their homes. Homeownership is both a means of entrance and a symbol of membership in the American middle-class. The purchase of a home,whether a first home or a move-up, represents an economic advance for an individual or a family. From the Pacific to the Atlantic, millions of ethnics who were already physically and demographically present are now moving up the economic ladder into homeownership, taking a powerful and enduring economic presence in the life of our society.
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