Trump’s housing market conundrum
3 days, 6 hours ago

Trump’s housing market conundrum

CNN  

CNN — As President-elect Donald Trump prepares to take office this month, he faces a very different housing market than he did in his first term. Now Trump, a billionaire property developer himself, faces a housing conundrum: Mortgage rates aren’t falling, and home prices are expected to continue rising over the next few years. At the same time, many of Trump’s proposed policies, including tariffs and mass deportations, could potentially exacerbate America’s home affordability woes. “President Trump will deliver on his promise to Make Housing Affordable Again by defeating historic inflation and reducing the mortgage rate,” Rogers said. The cost of new homes will be cut in half, and President Trump will end the housing affordability crisis.” Trump has often discussed how regulations added burdensome costs to his property development projects.

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History of this topic

Homeowners have no incentive to sell. Here’s why
1 week, 3 days ago

Homeowners have no incentive to sell. Here’s why

CNN  

CNN — This year, America’s once-in-a-generation housing slump deepened — but 2025 may not see much improvement. Here’s what economists expect of the housing market in 2025: Homeowners are still locked in The US housing market is on track for its worst sales year in nearly three decades, according to NAR data. “It’s become more of a buyer’s market this …

The housing affordability crisis is going global
3 weeks, 2 days ago

The housing affordability crisis is going global

Live Mint  

DUBLIN—When Mikey Cullen’s parents were in their early 20s, they earned enough as public-sector workers to buy a house in the city. Ireland, after years of anemic construction, now has the European Union’s most expensive housing, according to a broad measure of rent, maintenance costs and utilities by Eurostat, the European Union statistics agency. “When cities had housing shortages, if …

Trump may renew a housing fight that could rattle mortgage rates
1 month, 1 week ago

Trump may renew a housing fight that could rattle mortgage rates

CNN  

CNN — During his second term, President-elect Donald Trump is widely expected to privatize Fannie Mae and Freddie Mac, the mortgage giants that guarantee 70% of America’s mortgages. The government’s stake in the two mortgage giants could be valued at billions of dollars, meaning a spinoff would potentially net a big payday for the government and private investors in the …

Solutions: Harris promised 3 million new homes. States might actually make it happen
1 month, 1 week ago

Solutions: Harris promised 3 million new homes. States might actually make it happen

LA Times  

Vice President Kamala Harris made a bold campaign promise: If elected president, she would get 3 million new homes built. Finally, when interest rates shot up as the Fed fought inflation, homeowners with historically low mortgage rates avoided selling their homes, leaving few homes for sale and many prospective buyers empty-handed. Economists believed Harris’ proposals — such as a large …

'Crisis is real': Analyst warns Trump of looming plight that could doom presidency
1 month, 2 weeks ago

'Crisis is real': Analyst warns Trump of looming plight that could doom presidency

Raw Story  

Donald Trump managed to win a second term in large part due to the frustration of the electorate over prices — but there's a big economic crisis looming over the president-elect's head that could end up defeating him, Heather Long wrote for The Washington Post. Trump has boasted that under his presidency, people will be able to get 2 percent …

'Achilles’ heel': Analyst says MAGA voters expect Trump to end a crisis he can't
1 month, 2 weeks ago

'Achilles’ heel': Analyst says MAGA voters expect Trump to end a crisis he can't

Raw Story  

President-elect Donald Trump has a pressing problem that voters expect him to fix and his solutions will only exacerbate, a new political analysis contends. Trump's popularity faces imminent peril in the form of a mounting housing crisis that his promised mass deportations, tax cuts and tariff demands will only worsen, Washington Post economics columnist Heather Long argued Wednesday. Trump's election …

How the second Trump administration could affect the housing market
1 month, 3 weeks ago

How the second Trump administration could affect the housing market

LA Times  

Across Southern California, and for that matter much of the country, housing is unaffordable for many, whether someone is trying to buy a house or rent an apartment. During the campaign, the former president promised to bring down mortgage rates, cut costly red tape, open federal lands to development and deport millions of people in the country illegally — which …

Trump’s economic agenda for his second term is clouding the outlook for mortgage rates
1 month, 3 weeks ago

Trump’s economic agenda for his second term is clouding the outlook for mortgage rates

Associated Press  

LOS ANGELES — Donald Trump’s election win is clouding the outlook for mortgage rates even before he gets back to the White House. “So, if overall rates are higher, that would tend to also mean that mortgage rates would move higher, too.” Trump says he wants to impose tariffs on foreign goods, lower tax rates and lighten regulations, policies that …

Key gripe Trump aimed at Harris set to get worse with his presidency: experts
1 month, 3 weeks ago

Key gripe Trump aimed at Harris set to get worse with his presidency: experts

Raw Story  

During his 2024 campaign, Donald Trump blamed Democrats, the Biden Administration and Vice President Kamala Harris for — among many other things — the high cost of housing. "While Kamala Harris promised to build millions of homes, offer financial aid to first-time buyers, and ease regulations on building, Trump suggested that through reducing illegal immigration, he could free millions of …

Experts: Harris proposal could ease housing crisis — while Trump plan would drive up inflation
2 months, 1 week ago

Experts: Harris proposal could ease housing crisis — while Trump plan would drive up inflation

Salon  

The next president of the United States will inherit, among other pressing issues, a housing crisis that has seen average rents increase by 19% since 2019, leaving tens of millions of Americans paying more than 30% of their income towards rent and many others homeless. Harris' proposed effort to add 3 million new housing units, part of "A New Way …

Housing is expensive. Here’s how Harris and Trump promise to bring costs down
2 months, 1 week ago

Housing is expensive. Here’s how Harris and Trump promise to bring costs down

NPR  

Here’s how Harris and Trump promise to bring costs down toggle caption Angela Weiss/AFP via Getty Images; Kevin Dietsch/Getty Images Vice President Kamala Harris and former president Donald Trump don’t agree on much, but they do on one thing: The cost of housing is too high. With prices so high, down payment assistance for first-time buyers “can really help people …

How Trump's billionaires are hijacking affordable housing
2 months, 2 weeks ago

How Trump's billionaires are hijacking affordable housing

Raw Story  

America’s morbidly rich billionaires are at it again, this time screwing the average family’s ability to have decent, affordable housing in their never-ending quest for more, more, more. “On the first Tuesday of each month,” notes the Journal article about a similar phenomenon in Atlanta, investors “toted duffels stuffed with millions of dollars in cashier’s checks made out in various …

Where Harris, Trump stand on housing: election voter guide
3 months ago

Where Harris, Trump stand on housing: election voter guide

LA Times  

Trump, a real estate developer, has fewer specifics than his opponent in addressing housing affordability. The Republican nominee said his administration would remove 11 million immigrants living in the country illegally by having the National Guard, local police forces in cooperative states and the military go door-to-door in a process that he said recently would be a “bloody story.” The …

How Harris and Trump plan to address the high cost of housing
4 months, 1 week ago

How Harris and Trump plan to address the high cost of housing

NPR  

How Harris and Trump plan to address the high cost of housing The high cost of housing is a big issue for voters. LEILA FADEL, HOST: And both presidential candidates have plans to address that high cost of housing, but there are few details and lots of questions. Harris says she would build 3 million new housing units in four …

California’s housing crisis is hitting Nevada hard. Could that help Trump win a crucial state?
9 months ago

California’s housing crisis is hitting Nevada hard. Could that help Trump win a crucial state?

LA Times  

Christine Dyken had just returned home after picking up her grandson from school, and she was stressed. “We’re really living paycheck to paycheck,” Dyken said last month, standing alongside Doreen, who works at a casino. “I think he realizes the magnitude of the situation,” Steve Sisolak, a Democrat who was Nevada’s governor from 2019 to 2023, said of Biden. “Despite …

Biden says he can fix America’s housing affordability crisis. Will it work?
10 months ago

Biden says he can fix America’s housing affordability crisis. Will it work?

CNN  

Washington CNN — Americans are in the throes of the worst housing affordability crisis in decades. The proposals, Biden argues, would address the two primary factors behind the home affordability crisis: Decades of under-building means there aren’t enough homes on the market, and mortgage rates have surged to multi-decade highs – more than double what they were before Biden took …

The WA government has tried many things to ease the housing crisis. Will any of them work?
11 months, 3 weeks ago

The WA government has tried many things to ease the housing crisis. Will any of them work?

ABC  

Ever since the housing headaches created during the early days of the COVID pandemic became apparent, the state government has made dozens of announcements about ideas meant to make things better. And that's why we're trying every initiative possible to release housing onto the market," an exasperated Treasurer Rita Saffioti said last week. "And what's happened in the last three …

Vistry ‘optimistic’ lower mortgage rates will boost demand in housing market
11 months, 3 weeks ago

Vistry ‘optimistic’ lower mortgage rates will boost demand in housing market

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Vistry said demand in the property market was “suppressed” …

Five things to know about the next US housing crisis
2 years, 5 months ago

Five things to know about the next US housing crisis

Al Jazeera  

High home prices, scarcity and global uncertainty may be the perfect recipe for a United States housing crisis, economists tell Al Jazeera. “We’re seeing listings stay on the market a little longer than a year ago, even six months ago.” Inflation, a bear market on Wall Street after the S&P 500 dropped 20 percent, free-falling cryptocurrencies, war in Ukraine, and …

Housing affordability for young people is beyond a crisis — so what do we do now?
2 years, 9 months ago

Housing affordability for young people is beyond a crisis — so what do we do now?

ABC  

We've hit a crisis moment for younger Australians on housing affordability. Record property prices forced many into choosing between committing to saving for a home, trying their hand in the stock market or just giving up on home ownership altogether. It will take a couple, on an average income, over a decade to save enough money to buy a "typical" …

Inflation: The housing market is on fire. The Fed keeps adding gasoline
3 years, 6 months ago

Inflation: The housing market is on fire. The Fed keeps adding gasoline

CNN  

New York CNN Business — Bidding wars. And while the Fed is finally “talking about talking about” removing some of its support, some fear the US central bank is creating another housing bubble as it deliberates. “It probably isn’t the case that the Fed should be continuing to artificially hold mortgage rates down.” Danielle DiMartino Booth, a former Fed official, …

Housing market is still one of the brightest spots of the US economy
5 years ago

Housing market is still one of the brightest spots of the US economy

CNN  

New York CNN Business — The housing market could continue to prop up the US economy in 2020 even if concerns about Iran and trade talks with China dampen confidence for American businesses. Three interest rate cuts by the Federal Reserve last year have underpinned some of the housing market’s recent strength as well, said Michael Bapis, a managing director …

America’s housing market is coming back to life
5 years ago

America’s housing market is coming back to life

CNN  

New York CNN Business — America’s housing market has come back to life in the final months of the year, and promises to boost the economy in 2020. “Particularly if you were in a place with high state and local taxes, or you had a rather large home with a big mortgage, the after-tax cost of owning a home increased.” …

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