Fed Working Paper Links Surge in Illegal Immigration to Higher Home, Rent Prices

Jul 7th 2026 4:59pm EDT

A new Federal Reserve working paper has found that a record surge in illegal immigration during the Biden administration coincided with higher home prices and rents. The working paper, published by the Federal Reserve Bank of Dallas, examined the impact of unauthorized immigrant worker flows on housing and labor markets in metro areas. Economists estimated […]

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