Biden Border Collapse Caused 30% Rise in House Prices, 20% Rise in Rents

Jul 6th 2026 5:23am EDT

President Biden’s border collapse led to a significant rise in house prices and rents, according to a new working paper from the Federal Reserve. The paper, published by the Federal Reserve Bank of Dallas, uses immigration court records and administrative data to show how the unprecedented influx of illegals into the US affected labor and […]

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