07/06/2026
Yes, it only makes sense: increase demand without a corresponding increase in supply means prices go up.
“Each 1% increase in unauthorized workers corresponded with about a 2.2% rise in home prices and a 1.4% increase in rents.”
https://www.foxbusiness.com/politics/biden-era-illegal-immigration-drove-up-housing-costs-fed-economists-find #
A Federal Reserve working paper finds unauthorized immigration during the Biden administration drove up home prices by 2.2% and rents by 1.4%.