The latest immigration statistics show that Nevada is one of the states that are experiencing considerable declines in illegal immigration. Analysts have stated that this is partly due to the huge number of foreclosures and home short sales in the state. Difficulties in finding jobs and the general economic decline have also been cited as contributing factors.
The state is the top area in terms of foreclosures in the U.S., with foreclosed homes in Clark, NV and in other major metropolitan areas posting record highs for the past three years. This, according to analysts, is part of the reason why the state is also among the top regions that have experienced steep population declines of illegal immigrants in 2009.
According to some economists, the hundreds of thousands of foreclosed homes in Nevada have caused property values to decline. This led industries like home building and construction to suffer financially, leading to business closures and job cuts. Immigrants, like regular citizens, are finding it almost impossible to get hired in the state, which caused most of them to leave and look for other opportunities elsewhere.
Home short sales, which also contribute to property value declines, are also highest in Nevada. Coupled with the nationwide recession, analysts are saying that it is not surprising why the number of immigrants have declined in the past three years or so. Population data showed that between 2000 and 2005, around 850,000 illegal immigrants come into the U.S. on average.
During the years when Nevada became top of the list among states where one can find foreclosure houses for sale by the hundred thousands, illegal immigration dropped considerably. As a matter of fact, the 2007-2009 period saw average illegal immigration declining all over the U.S. to around 300,000 annually.
In Nevada, the 2008-2009 period saw the number of illegal immigrants declining by 50,000. From a high of 230,000, the state's illegal residents are now down to an average of 180,000 a year. Nevada, together with Florida and Virginia, recorded the highest declines in illegal immigration as of 2009.
Most analysts believe that the decline is largely due to difficulties in finding jobs as several industries are affected by property value declines caused by high foreclosure rates and huge supplies of home short sales.
John Cutts has been educated in the finer points of the foreclosure market over 5 years.
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