Article Image
IPFS News Link • Housing

Report Shows South Becoming Increasingly Popular Among Asian Americans

• Zero Hedge

The 38-page report, compiling data from over 14 sources, is a collaborative effort between AREAA, RE/MAX, and Freddie Mac. The report shows 50 percent of the AAPI community reside in the west, with approximately a third living in California. Of the 22 real estate markets studied nationally, AREAA found the AAPI community with a higher homeownership rate than the national average, in only 5 markets.

The highest homeownership rate among AAPI is at 65.4 percent for those living in the southern states. In contrast, they have the lowest overall average income compared to AAPI in the western, midwestern, and northeastern states.

Amy Kong, National President of AREAA, pointed out that the south is becoming increasingly popular among AAPI, enjoying the highest homeownership rate compared to those living in other regions of the United States.