A look at how the 2024 presidential election could reshape housing and mortgages. The speaker examines Trump's proposed policies to increase housing inventory and lower mortgage rates through spending cuts and inflation reduction.
In the wake of the 2024 presidential election, let's unpack what that means for the housing and mortgage markets. President Donald Trump's plan is to build more houses. They want to open up more federal land so there's more areas to build. And they want to reduce regulation so it's easier for builders to build. That's been a big issue the last few years because builders have had a lot of half built houses. There's a lot of new home starts, but not as many finishes. And it has to be finished for the home buyers to move in. This would open up, you know, if it all goes to plan, this would open up, you know, more inventory, which has been a huge problem for the last decade. So it could start to heal with those wounds. And the other focus is to bring interest rates back down to how they were, you know, a handful of years ago by cutting government inflation. President Trump also plans to cut out a lot of government jobs, which is, which reduces government spending, which reduces inflation. So it could stabilize house prices by getting more of them and bring down mortgage rates again by reducing inflation. We could have a win on both sides of the aisle there for the housing and mortgage market.
