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Immigration Surge Linked to Housing Costs | Providence News
A new Federal Reserve working paper is igniting debate, linking the record surge in unauthorized immigration between 2021 and 2024 to skyrocketing housing costs. During that period, millions of newcomers—without housing to bring with them—entered the U.S., coinciding with sharp jumps in home prices and rents, especially in major cities. Former Trump officials and analysts are seizing on the findings, arguing that hardworking Americans are now competing with millions of undocumented immigrants for scarce housing, driving up prices. Though preliminary and not official Fed policy, the paper’s…
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