Donald Trump is a few months out from the Presidency again…
Some of the people who voted for him said they voted against Harris because of the economy….
Well?
The next President IS gonna have higher home ownership cost’s than the outgoing one…..
Hmmmmm?
Make America Great Again?
(And More expensive?)
Trump gets away with saying a lot of things and never doing them. But on housing, voters seem to want action. Not only was it a top issue with voters all over the country, but in the toughest markets, where home prices have often doubled in recent years and inventory remains low, voters swung to Trump, an NBC analysis found.
The housing crisis is real. It’s one of the worst times to buy a home in 40 years. The median home price is now $420,000, nearly $100,000 more than four years ago. Mortgage rates are also up significantly from 2020. And nearly everyone agrees that the United States is short millions of homes.
Mortgage rates might turn out to be Trump’s Achilles’ heel. Presidents don’t control them. And just the threat of his proposed economic agenda, widely viewed as inflationary, has worsened the problem before he has taken office.
Since the election, borrowing costs have climbed in response to dramatic moves in the bond market, which has the greatest influence on mortgage rates right now. Investors think Trump is going to do what he said on the trail — spend trillions of dollars on tax cuts in 2025 and then enact a bunch of tariffs that increase prices for many common goods — including lumber and shingles. This is a key reason mortgage rates have been rising the past two months even though the Federal Reserve has been cutting the benchmark U.S. interest rate….
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