The “easing” of rental prices coincides with a slowdown of illegal and legal immigration to the United States, the Wall Street Journal admits.
The Wall Street Journal piece, titled “Renters Have the Upper Hand. And They Are Probably Keeping It,” details rent prices dropping across the United States as the market is tilted toward renters rather than landlords.
Immigration, the Journal admits, has played at least some role in rent dropping, as less demand has decreased housing prices:
Renters across much of the U.S. have enjoyed easing prices and months of free rent this year. Now, this tenant-friendly environment looks poised to extend deep into next year, and perhaps beyond. [Emphasis added]
…
Remote workers who once helped power the Sunbelt’s population boom are getting called back to the office. And as President Trump cracks down on international immigration, the influx of new foreign residents is also slowing. [Emphasis added]
Vice President JD Vance has credited housing costs finally stabilizing to President Donald Trump’s low-immigration approach to boost quality of life, lower home prices, open jobs for Americans, and tackle crime.
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