Asian Homeownership and Immigration Falls.

The recession has had significant effects on Asian Americans. We previously noted the increase in unemployment rates.

According to the Census' American Community Survey, the Asian American fall in homeownership exceeding those of any other group. While Asian Americans own their homes at rates higher than that of other communities of color, their homeownership rate dropped below 60%, a fall of 1.3%. For Blacks, Latinos, and Whites, the rates fell 0.9%, 0.8%, and 0.4%, respectively. The reasons for this decrease are not clear.

Another indicator is the change in immigration patterns. Asian American immigration rates have fallen, with the exception of Indians and Vietnamese. Chinese, Koreans and Filipinos immigrations rates dropped.