Did illegal immigration drive up housing prices? A cautious yes with caveats
By Cory Gaines | Commentary, Colorado Accountability Project
Does an influx of immigrants (illegal or otherwise) drive up house prices?
The answer to that question, as with many things in life, is complicated. A guarded, and cautious “yes” with plenty of caveats would be how I’d characterize it; if you introduce millions of people into a place, how can their presence not up demand? This is all the more so for a commodity like housing which has much higher connections to regulation and government than, say, cellphones.
Simply looking at the spike in immigration post-COVID ought to convince any reasonable person that demand for housing would increase. See screenshot 1 (from the first link below) for a time series graph.
In order to look into this question myself, I di...