60 days left for Americans

Favorite social and networking tool of President Donald Trump – twitter has one more time spread news to the world. On Monday night, Trump has officially announced the suspension of legal immigration to the United States, CNN reports.

In his tweet, president spoke about banning immigration as a way to combat the spread of coronavirus. In an expanded statement made during a briefing at the White House on Tuesday, he made clear that restrictions refer to a green card and does not apply to seasonal workers.

The American president emphasized that this decision is being introduced specifically to protect the labor market. He expects that this will help unemployed Americans become the first in line for work and not be replaced by new immigrants who came from abroad. But keep your hair on as this effect will be temporary for 60 days. This means that those planning to immigrate to the United States will be able to do this later in the future.

This hardly can influence the American RE market, unless there can be a slight surge in the activity on rental market, after the restrictions are removed. Check out the latest news as well as search for rental property on GREM!