1 In 2050, nearly one in five Americans (19%) will be an immigrant, compared with one in eight now (12% in 2005).  The foreign-born share of the nationâs population will exceed historic highs sometime between 2020 and 2025, when it reaches 15%. The historic peak share was 14.7% in 1910 and 14.8% in 1890.
Escrow is a short period of time (often about 30 days) where the seller takes the house off the market with the contractual expectation that you will buy the house - provided you don't find any serious problems with it when you inspect it. (For more on the escrow process, read 10 Hurdles To Closing On A New Home.)
What does 'closing in escrow' mean? Unfamiliar legal and financial phrases are very much part of buying a home. You may encounter the term âclosing in escrowâ if one or more of the stipulated conditions for the completion of the contract have not been met. This could be as simple as unforeseen delays at the land title office or in the transfer of funds. Until these conditions are met, a third party holds the money or documents in escrow. Escrow closes when all of the conditions of the transaction have been met and the title of the property is transferred to the buyer.