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Immigration and Housing Costs Linked | Charleston News
A new Federal Reserve working paper is igniting debate, linking the record surge in unauthorized immigration between 2021 and 2024—with over 6 million new foreign-born residents—to skyrocketing housing costs. As home prices and rents climbed sharply during that period, officials from the previous administration are using the data to argue that immigration directly strains affordability for U.S. citizens. Though still preliminary and not an official Fed position, the findings are fueling urgent conversations about balancing immigration policy with the nation’s housing crisis. Listen in…
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