Biden's illegal immigration surge caused higher rent and home prices, Fed study finds

A new Federal Reserve working paper found the record surge in illegal immigration during the Biden administration came at a cost to one of the nation's fiercest political debates: higher home prices and rent rates. The findings arrive as immigration remains a defining political issue, with Republicans arguing former President Joe Biden's border policies strained housing and public resources while Democrats have pointed to immigration as helping ease labor shortages and support economic growth. T