In his debate with Minnesota Gov. Tim Walz on Tuesday night, Ohio Sen. JD Vance, with characteristic directness, identified high levels of illegal immigration asthat have increasingly placed homeownership beyond the reach of many Americans. Vance argued that the unchecked flow of illegal immigrants has exacerbated competition in the housing market, intensifying pressures that are pricing out citizens who are simply trying to secure a place to call their own.
found that the 40 million immigrants in the United States have “created $3.7 trillion in housing wealth.” “No other market is more affected by immigration than real estate,” Nowrasteh said at a session called “Housing Markets Are International” at the REALTORS® Legislative Meetings & Trade Expo. “The effect of immigration on the labor market is, at worst, one-tenth the size that it is on real estate.” He noted that immigrants gravitate toward construction jobs at a much higher rate than American-born citizens. When immigration rates increase, the homebuilding industry may benefit.
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