Trump ties Biden migrant wave to 30% of home price surge
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Trump ties Biden migrant wave to 30% of home price surge

Trump points to a Federal Reserve working paper he says links illegal immigration under Biden to nearly a third of rising home prices.

Richard Miniter
By
First Published: July 7, 2026, 10:42 PM ET

WASHINGTON D.C. — Donald Trump has mentioned the source (see justthenews) that a Federal Reserve working paper links a Biden-era illegal immigration wave to 30% of home price increases on truthsocial.