Homebuyers Face Difficult Housing Market Under Trump Presidency

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A second Trump's presidency is unlikely to offer much relief to Americans struggling with soaring home prices, low supply, and high mortgage rates, experts say.

Donald Trump's return to the White House is unlikely to offer much relief to Americans struggling with soaring home prices, stubbornly high mortgage rates, and growing housing costs, as his policies could make homebuilding more expensive and push mortgage rates even further up, experts told Newsweek.The lack of affordability in the U.S.

'In the near to medium term, according to Zhao, mortgage rates are likely to be more volatile 'because Trump talked about many policies that would have a significant impact on rates,' she said. 'Rates will be volatile as we all learn which policies are most likely to be enacted,' she continued.'For example, the two most important policies from the perspective of rates are his proposals to increase tariffs and tax cuts.

 

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