Biden’s illegal immigration surge triggered 30% rise in home prices, $ 20% in rents, Fed paper finds

Source: New York Post

Originally Published by: Kroger to close dozens of stores before 2027 Billionaire gives eye-popping gift to millions of kids for July Fourth FDA puts popular potato chips under top recall warning A new Federal Reserve working paper found the record surge in illegal immigration during the Biden administration triggered higher home prices and rents. The findings arrive as immigration remains a polarizing political issue. Republicans argue former President Joe Biden’s border policies strained housing and public resources, while Democrats say immigration helped ease labor shortages and supported economic growth.