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.)
Loan Approval Contingency: A home buyer can back out of the escrow and NOT lose their earnest money deposit if that home buyer can not qualify for a home loan within the contingency time period. Appraisal Contingency: A home buyer can cancel the escrow if the home doesnât appraise to the full purchase price offered. Home inspection: A home buyer has an opportunity to hire a home inspector to check the property condition. Donât forget that sewer inspection!