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Did Immigration Drive Up US Home Prices?

The Great Housing Debate: Separating Fact from Fiction in the Fed Study A Federal Reserve Bank of Dallas study has reignited the immigration debate, claiming that unauthorized immigration drove up US home prices between 2021 and 2024.

This assertion has already gained traction with some lawmakers, including President Donald Trump, who sees it as further evidence for his long held position on the issue.

The study's findings may seem to bolster the argument that large scale migration is a key driver of housing costs, but closer examination reveals a more nuanced picture.

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