Half of the households of the Mexican population immigrant in state United has a house of his own with a mortgage thousand dollars a month on average, especially in New Mexico, Michigan and Texas, highlighted the Center for Latin American Monetary Studies (CEMLA).
In a new report released this Monday, he highlighted that in 2019 the mexican population An immigrant lived in 4.4 million homes and of that number 2.2 million were his property.
According to the center that serves as the Association of Central Banks of Latin AmericaOf the group of own homes, there were 1.3 million who paid a mortgage.
This implied that half of the households with immigrant Mexican population they owned their home and 58% of those homes covered a mortgage, so they had a mortgage financing.
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He noted that in 2019, the mexican population immigrant in U.S it was an average of 10 million 931 thousand 939, after in 2007, it had reached a maximum of 11 million 738 thousand 537 people, which represented a fall of 806 thousand 598 people.
In fact, in 2019, the fifth consecutive annual decrease in the size of said migratory group was registered, it is highlighted in the document prepared by the manager of Economic Statistics and coordinator of the Forum for Remittances of Latin America and the Caribbean of the CEMLA, Jesús Cervantes.
The percentage of Mexican immigrant households with their own homes went from 44.6% in 2013 to 50.1% in 2019, which reflected a significant improvement in the financial situation of the Mexican migrant group and in their total income, he indicated.
DEMOGRAPHIC CHANGES
The absence of positive net Mexican migration to the United States has implied major demographic changes in that population group, he clarified.
The total income of the Mexican migratory group of Mexicans working in the neighboring country to the north, rose from 192 thousand 285 million dollars in 2010 to 287 thousand 412 million in 2019, by reaching 9 consecutive years with increase, while the percentage of Mexican immigrant population in poverty decreased to 16.5% in 2019;
FINANCIAL CRISIS
It revealed that from 2007 to 2013, in the United States, the percentage of Mexican immigrant population households with their own homes decreased as a result of the financial and mortgage crisis that the North American economy registered and the recession that occurred in the first years of that period.
However, he stressed that this was not exclusive to our countrymen, since the decrease in the percentage of households with their own homes was also observed in the native population and in other immigrant population groups.
He said that from 2013 to 2019, in the United States the economic situation of the Mexican immigrant population improved significantly, as their employment level and average earnings increased, which increased their total income.
Thus, during the referred period, the Mexican immigrant population living in poverty fell from a “peak” in 2011 with 28.9% to gradually go to 16.5% in 2019, he concluded.
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