Federal Reserve Study Connects Illegal Immigration to Housing Affordability Crisis
By: John Solomon | Just the News
Paper creates first ever calculation of how a wave of 7 million illegal immigrants from 2021 to 2024 affected local labor and housing markets.
Anew Federal Reserve Bank of Dallas working paper estimates the record surge in illegal immigration during the Biden administration boosted employment while causing 30% of home price increases and 20% of rent increases.
The paper combined immigration court records with government administrative data to create the first ever calculation of how a wave of 7 million illegal immigrants from 2021 through 2024 affected local labor and housing markets.
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