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.)
When buyers and sellers agree to enter into a real estate transaction, they're said to have entered escrow. Escrow itself is a deposit of funds into an account neither the buyer nor the seller controls. Sellers only can back out of escrow under certain defined circumstances. When sellers try to cancel a real estate escrow, they face the possibility of legal actions taken by the buyers. For a real estate transaction to be legal, a signed agreement must exist between a buyer and a seller.