Since 2021, millions of illegal migrants have crossed into the United States, and major cities in sanctuary states from New York to California are now grappling with a crisis situation as shelters, city streets and even subways are bursting at the seams.
Not only is the surge of humanity affecting city budgets and quality of life issues but also some real estate experts believe it will ultimately affect the housing market—especially for first-time homebuyers who are already battling against escalating prices in a market where inventory remains scarce.
