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Immigration Surge Linked to Housing Costs | San Antonio News

A new Federal Reserve working paper reveals an “unprecedented boom” in unauthorized immigration between 2021 and 2024, sparking debate as it links the surge to rising home prices and rents. Though preliminary and not official Fed policy, the findings echo earlier reports of a growing foreign-born population and fuel controversy—especially among former Trump officials who point to states like California and New York. The paper adds urgency to the national conversation on immigration’s economic impact, particularly on housing affordability, as Americans feel the squeeze of rising costs amid…

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