jamboreedude
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Irvine's Asian population booms, boosting the local real estate market
...For decades, communities such as Monterey Park and San Gabriel have been gateway cities for Asian immigrants - but increasingly Irvine is a top draw for some affluent members of the community.
..."They know the country very well, speak the language and they have become upper-middle class," said Yong Chen, a professor of Asian-American history at the University of California, Irvine.
...Irvine's highly-regarded public schools.
...Irvine resembles the Silicon Valley communities, Cupertino and Sunnyvale.
...As Asia's economy expands, more wealthy people from abroad are moving directly to Irvine - cash in hand.
...Irvine real estate prices have risen 27 percent from last year, and the median home price is nearly $745,000.
...If trends continue, Asian homebuyers will dominate the Irvine market.
Read the entire article here:http://www.scpr.org/blogs/multiamer...-s-asian-population-booms-boosting-the-local/
...For decades, communities such as Monterey Park and San Gabriel have been gateway cities for Asian immigrants - but increasingly Irvine is a top draw for some affluent members of the community.
..."They know the country very well, speak the language and they have become upper-middle class," said Yong Chen, a professor of Asian-American history at the University of California, Irvine.
...Irvine's highly-regarded public schools.
...Irvine resembles the Silicon Valley communities, Cupertino and Sunnyvale.
...As Asia's economy expands, more wealthy people from abroad are moving directly to Irvine - cash in hand.
...Irvine real estate prices have risen 27 percent from last year, and the median home price is nearly $745,000.
...If trends continue, Asian homebuyers will dominate the Irvine market.
Read the entire article here:http://www.scpr.org/blogs/multiamer...-s-asian-population-booms-boosting-the-local/
