President Joe Biden’s record inflow of illegal aliens to the United States raised home prices and rents for Americans, a report from the Federal Reserve Bank of Dallas details.
Biden’s immigration agenda brought millions of illegal aliens to the U.S. in record time. By the end of the Biden administration, the nation’s foreign-born population hit nearly 52 million — the largest ever in American history.
The Federal Reserve report reviewed the impact of illegal immigration on housing prices from early 2021 to early 2024 and found that adding more people to the U.S. population drove up costs.
“According to the U.S. Congressional Budget Office, net…
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