Benny Johnson: Federal Reserve confirms Biden-era surge in home and rent prices

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Ashutosh Sureka

06.07.2026

Benny Johnson: Federal Reserve confirms Biden-era surge in home and rent prices — Fed confirms surge in home prices

Benny Johnson points to new confirmation from the Federal Reserve that home prices in the U.S. have risen significantly. Johnson attributes a 30% increase in home prices and a 20% rise in rent to what he describes as an influx of 7 million people over three years driven by President Joe Biden's immigration policies.

Johnson highlights the impact of population growth on the housing market and its effect on the wallets of American residents.

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Johnson has also covered other major shifts in U.S. markets. In a recent report, he cited crude oil futures dropping to $74 a barrel, which brought U.S. gas prices near pre-war levels (full story). Separately, Johnson questioned claims about personal finances after Ilhan Omar's husband reported his income falling from $30 million to $200 (full article).

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