Federal Reserve Bank of Dallas

Sacramento’s Sanctuary Law Is Also a Housing Policy

July 10, 2026 7:34 amJuly 10, 2026 7:34 am

I arrived in California in 1990 with a high and tight haircut, a criminal justice degree from Northeastern, and the kind of optimism the state doesn’t sell anymore. Home prices in Los Angeles County ran roughly three times the median...

Fed Analysis: Illegal Immigration Surge Under Biden Jacked Up Home and Rental Prices by Double Digits

July 6, 2026 4:08 pmJuly 6, 2026 4:11 pm

A working paper (see below) released by economists at the Federal Reserve Bank of Dallas finds that the unprecedented (and abetted) wave of illegal immigration during the Biden administration accounted for roughly 30% of home price growth and 20% of...