In San Francisco, an Indian software engineer on a work permit cancelled plans to bid on a $900,000 (U.S.) home. In Washington, a Brazilian non-profit executive passed on a fixer-upper near her office. And, in Mesa, Arizona, a 24-year-old son of undocumented Mexican immigrants won the trust of a bank — a green light for a mortgage — but now fears deportation.U.S. President Donald Trump’s immigration policies threaten to crack a foundation of the American economy: the residential real estate market. Legal and otherwise, immigrants, long a pillar of growth in home-buying, are no longer feeling the warm welcome and optimism necessary for their biggest purchase.“I feel like with one stroke of Trump’s signature everything can be taken away, even all my hard work,” said Juan Rodriguez, the 24-year-old whose parents moved from Mexico when he was 7. He now works full time while earning his college degree.Former president Barack Obama had protected immigrants like Rodriquez, often called “dreamers,” or undocumented Americans who arrived as young children and are often fully integrated into American society.Read the latest news on U.S. President Donald TrumpOn Tuesday, the Trump administration detailed plans for a sweeping crackdown on undocumented immigrants, saying the authorities would deport many more people without court hearings. Under Obama, the government focused on those convicted of violent crimes; Trump would lower the bar to include fraud and, in some cases, a belief the residents threatened public safety.Even workers with green cards and work visas under the H1-B program for skilled foreign workers are worried about possible restrictions under Trump. The housing markets most at risk include Miami, Silicon Valley, Los Angeles, San Francisco and New York, which have the biggest concentrations of foreign-born buyers.Read more: With new enforcement rules, Mexicans fear prospect of refugee camps along U.S.-Me ...
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