Undocumented immigration might affect the housing market

housing market

housing marketExperts say to expect higher labor costs and home prices as a result of the slowdown in undocumented U.S. workers

By Jordyn Lee | Zillow

You may not think immigration has an effect on housing prices, but more than half of the experts surveyed by Zillow said if there continues to be a decline in undocumented immigration in the U.S., labor costs will go up, increasing home prices as a result.

The number of undocumented workers in the U.S. has remained flat for more than five years, and the undocumented Mexican immigrant population is now 20 percent smaller than it was in 2007, according to data from Pew Hispanic Center and the most recent Zillow Home Price Expectations Survey.

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