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Illegal immigration surge drives U.S. housing costs higher, Karoline Leavitt notes

Illegal immigration surge drives U.S. housing costs higher, Karoline Leavitt notes
Fed links immigration to housing costs

Karoline Leavitt reports that a new Federal Reserve working paper has found that the record surge in illegal immigration during the Biden administration triggered higher home prices and rents.

Leavitt highlights the connection between increased illegal immigration and its impact on the U.S. housing market according to the findings of the Federal Reserve paper.

Leavitt has previously covered major U.S. economic events, including President Donald Trump's address on economic issues at a Mack Trucks facility in Pennsylvania. She also reported that Americans received higher average tax refunds this season, with $82 billion claimed in credits, according to IRS data. These reports add context to her continuing coverage of U.S. economic policy and trends.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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