25 Feb '17, 1am

US home prices may slump due to Trump’s policies -

The threat of deportation is causing many foreign-born people in the US to change their minds on buying a US home. (Photo: Gage Skidmore, Wikimedia Commons) US President Donald Trump’s crackdown on undocumented immigrants could severely impact the country’s housing market, reported Bloomberg . On Tuesday (21 February), the new administration announced that they intend to deport many more foreigners without legal proceedings. Previously, the Obama administration focused on expelling those convicted of violent crimes, while allowing “dreamers” to stay. The latter consists of undocumented immigrants who came into the country as young children, but now have a promising future in the country. However, Trump plans to blacklist more individuals, including those who have committed fraud and, in certain cases, those deemed to pose a threat to public safety. As a result, many foreig...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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