The ""National Association of Realtors"":http://www.realtor.org/ announced a research partnership between Realtor University's Center for Real Estate Studies and the ""Asian Real Estate Association of America"":http://areaa.org/ (AREAA).[IMAGE] [COLUMN_BREAK]
As part of the agreement with AREAA, Realtor University will conduct in-depth research exploring how Asian immigrants use their homes and businesses to leverage and grow wealth and develop a greater understanding of real estate market preferences among those populations.
""Realtor University's mission is to help bring value to home buyers, sellers and real estate professionals, and so we are pleased to be partnering with AREAA to undertake this new research to advance Asian American homeownership and real estate investment,"" said Richard Rosenthal, chairman of the university board of regents. ""We believe this partnership will greatly benefit both parties and we look forward to working closely with AREAA over the coming year.""
According to the announcement, the project is anticipated to last between nine and 12 months, with results released sometime in 2014.
""We're excited about the business opportunities and specialized knowledge that this partnership will bring to our members while also helping to address and improve real issues affecting Asian American homeownership,"" said Hope Atuel, executive director of AREAA.